- May 25, 2023
- Posted by: James Gansman
- Category: News
|Rock Creek Advisors, as Sales Agent, is reaching out to you regarding a private investment opportunity in Singh Properties Fund III (SPF III).
Launched in 2020, the Fund acquires trophy residential units with tourist licenses located in super prime European locations and rents out the properties via lucrative short term rental opportunities (e.g., AirBNB). Post-acquisition, it maximizes free cash flow and enhances returns by securing long dated, low-cost financing. The Fund has been successful at acquiring prime residential real estate at distressed prices in major European cities impacted by the pandemic.
This is an excellent opportunity to gain exposure to the European Real Estate market in a closed-Fund with a healthy IRR since inception. Through this opportunity, Qualified Purchaser1 will own 10% of Hazoor Select, LP’s share of the Fund’s carried interest.
Please click here for more detail on the Fund and sales process. Once under NDA (click here), we can provide more information on the opportunity.
Bids are due Monday, June 26th, 2023 by 5pm ET, followed by an auction on Wednesday, June 28th at 9 am ET. Again, please note that this opportunity is for Qualified Purchasers only.
If there is another person who would be more appropriate to review this matter, please let us know and/or forward this information accordingly. Also, if you/your firm is not interested in pursuing this opportunity, we’d appreciate knowing in order not to continue to follow up with you.
For questions, please reach out to Heidi Lipton or Chris Moore.
|1 As defined under Section 2(a)(51) of the 1940 Investment Company Act|