Reserve Fund I · Community Improvement & Acquisition Pipeline Reserve | TetraHomes
Reserve Fund I
Community Improvement & Acquisition Pipeline Reserve
Capital reserve for community roads, water and sewer infrastructure, drainage, and amenity upgrades across the operating portfolio.
Fund Size
$2.341B
Reserved for community and LP protection
Objective
Reserve
Downside-protection and reinvestment
Mandate
What the reserve funds
- Road resurfacing, drainage, and stormwater management upgrades.
- Water system replacement, well work, and sub-metering.
- Sewer, septic, and lift-station capital improvement.
- Community clubhouse, pool, and amenity capex.
- Community electrical, gas, and lot-service upgrades.
Position
How the reserve protects the community
Reserve Funds sit alongside the investment funds. They fund capital improvements and downside protection that a single-vintage investment fund cannot always absorb through its own capex line.
The Reserve Funds are what make the ten-year community operating standard credible — and what protect LP distributions from being consumed by an unplanned water-system replacement.