Real Estate Equity

"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." — Paul Samuelson

Our Properties
Foremost.RE: The Foremost Real Estate Equity Fund

Foremost.RE is an open-ended equity fund that invests opportunistically across real estate asset classes and geographies. Its primary focus is acquiring income-producing properties in good locations with strong value-add potential and future redevelopment upside.

Key Characteristics

  • $5.5M NAV
  • $11.5M Total Asset Value
  • 1 Building
  • 31 Units
  • 5065% Target LTV
  • 57% Annual Distribution
  • 1012% Target Annualized Returns
  • 0.75% Management Fee

Investment Strategy

The fund has a very long-term investment horizon, allowing it to mitigate sort and medium-term risks.

Holding assets for longer periods allows the fund to capture natural price appreciation, defer taxes, and realize the value from raising properties to their highest and best use.

Foremost.RE leverage will be constrained to 65%, with a target of 50%, to provide downside risk protection and maintain survivability through variable market conditions.

Fees are focused on aligning manager and investor interests, while encouraging long-term thinking.

Much lower fees = more compounding.

The carried interest is paid in units instead of cash. These units vest over 5 years. Management remains tightly aligned with investors.