We are raising $10M for an Opportunity Zone Fund specifically to develop three new student housing projects near The University of Illinois in Champaign, all to break ground in 2019 to open in August 2020.

Here are the high-level parameters of The Fund:

• Fund Size: $10M
• Sponsor Commitment: $500,000
• Hold Period: 10 Years
• Preferred Return: 8.00%
• Promote: 70/30
• Projected 10 Year IRR: 20%
• Asset Management Fee: 2%
• Minimum Investment: $50,000

Our partnership has developed 14 student housing projects at U of I and our management affiliate, Green Street Realty, manages nearly 2,750 beds in the market. In addition to JDP, I am one of the founders of Triad Real Estate Partners, a brokerage firm with over $1 billion in student housing transactions nationwide.