Investment Fund VII · Ground Lease & Land-Lease REIT: Ground Lease Monetization & Land-Lease REIT Structures | TetraHomes
Investment Fund VII
Ground Lease & Land-Lease REIT: Ground Lease Monetization & Land-Lease REIT Structures
Long-duration ground lease and land-lease income vehicle. Structured for lower-volatility, inflation-linked returns from the land underneath TetraHomes and third-party communities.
Fund Size
$1.400B
Target committed capital
Target Net IRR
11–14%
Objective, not a guarantee
Strategy
Where the fund invests
- 50 – 99-year ground leases under manufactured housing communities.
- Third-party land-lease acquisitions from operating MHC owners.
- Inflation-linked ground rent escalators.
- REIT structure for tax efficiency and LP distribution profile.
- Long-duration liability match for insurance and pension LPs.
Objectives
What the fund targets
Fund Size$1.400B
Target Net IRR11–14%
Target Multiple1.7–2.0x
SectorGround Lease & REIT
Terms
Investment Fund VII terms
Vehicle
Delaware limited partnership
Adviser
TetraHomes Advisers, LLC (SEC RIA, in filing)
Fund Term
10 years, plus two 1-year GP extensions
Investment Period
First 5 years
Waterfall
European whole-fund
LP Fees
None — 0%
Preferred Return
8% cumulative to LPs
GP Catch-Up
100% until 20/80 restored
Carried Interest
20% above preferred
Carry Escrow
30% through fund term
GP Commit
2% of fund size
Minimum LP Commit
$2,000,000
Auditor
PricewaterhouseCoopers
Fund Counsel
LePore Law Group
Definitive terms are set out in the Fund’s Private Placement Memorandum, Limited Partnership Agreement, and Subscription Agreement. Please consult the fund materials and legal counsel before subscribing.
Interested in Investment Fund VII?
Institutional and qualified investors are invited to request the Private Placement Memorandum and Subscription Agreement.
Contact IR