Encore Housing Opportunity Fund I

Encore Housing Opportunity Fund I was formed in 2009, raised $160 million in equity commitments, and invested in 19 assets from June 2010 through August 2012. The strategy was to acquire land, lots, and partially completed projects, then pursue a variety of exit strategies including selling land to developers, selling lots to builders, and selling homes to consumers.

The Fund returned 50% of investor capital by end of 2013, the year in which the investment period expired, and anticipates to have fully realized all of investments except one by mid 2016.

INVESTMENTS BY STATE