Real Estate Funds & AIFs (Cat II/III)

Institutional-style strategies for HNIs: development finance, pre‑leased portfolios, special situations.

12–18% IRR targetLock‑in 5–7 yrsHNIs only

How They Work

  • Pooled vehicles invest in debt/equity of RE projects or portfolios
  • Returns via interest, rentals, and exits; IRR targets not guaranteed

Risks

  • Project delays, regulatory changes, refinancing risk
  • Illiquidity, manager selection critical

Fees & Tax

Management fees + carry; pass-through taxation in many cases; check PPM.

Education only; not investment advice. Real estate is illiquid and location-specific; do independent due diligence.