The Fund · Reg D 506(c)
Jade Residential Fund I.
An adaptive-reuse fund acquiring underutilized hotels and buildings in supply-constrained coastal U.S. markets. One strategy, executed by the operators who proved it at The Jade Winter Haven.
The fund runs one playbook.
Acquire
Underutilized hotels and buildings in supply-constrained markets, acquired below replacement cost with entitlements in reach.
Convert
Redesign and convert to Class A apartments with in-house sourcing and self-performed project management.
12–18 months
Stabilize
Lease up and operate. Underwriting is proven against real operating data.
Refinance or exit
Return capital through refinancing or sale once stabilized, as executed at The Jade Winter Haven.
Proven at Winter Haven
Terms at a glance.
Indicative terms, subject to the final Limited Partnership Agreement. The economics (preferred return, carried interest, fees) are stated in the PPM and provided in the data room.
- Target fund size
- $25M–$50M
- Minimum investment
- $250,000 individuals · $1,000,000 entities
- Waterfall
- European (whole-fund)
- Investment period
- 2–3 years
- Fund life
- 7 years + two 1-year extensions
- Reporting
- Quarterly; annual audit
- Eligibility
- Accredited investors · Reg D 506(c)
- Co-investment
- Available deal-by-deal
Available to verified accredited investors only, pursuant to Rule 506(c). Any offer is made solely through the PPM. Terms summarized; see offering documents.
LP-aligned by structure.
The guardrails are written into the fund documents and reviewed by the LP Advisory Committee.Structural terms are indicative and subject to the final Limited Partnership Agreement. Fund economics (preferred return, carried interest, fees) are stated in the PPM and provided in the data room. Affiliate fees are fully disclosed in the Memorandum.
No double promote
No duplicative promote at the project and fund level without disclosure and economic offset.
Concentration limit
No single investment may exceed 25% of total fund commitments without LP Advisory Committee approval.
Leverage cap
Senior debt is capped at 65–70% LTC/LTV without LP Advisory Committee approval.
LP Advisory Committee
Formed at the initial closing: conflicts review, fee approval, and concentration exceptions.
Construction contingency
A minimum 7.5–10% hard-cost contingency is required on every conversion project.
Key person provision
The investment period suspends on a key-person event, with LP cure rights.
Follow-on reserve
10–15% of fund commitments held in reserve for cost overruns and follow-on opportunities.
Reporting & audit
Quarterly reports and annual audited financials, with affiliate fees fully disclosed in the Memorandum.
Not a blind pool.
Fund I launches with an identified first investment and a named pipeline behind it.Identified pipeline as of the Offering Memorandum. The pipeline is subject to change; not all pipeline transactions will be funded through Fund I. Acquisitions are subject to diligence, financing, and LP Advisory Committee oversight.
| Project | Location | Strategy | Scale | Status |
|---|---|---|---|---|
| The Jade Space Coast | Merritt Island, FL | Hotel → residential | 164 units | First identified investment · raising now |
| The Hancock | Los Angeles, CA | Office → residential | 69 units | Pipeline · subject to change |
The pipeline is subject to change. Not all pipeline transactions will be funded through Fund I; acquisitions are subject to diligence, financing, and LP Advisory Committee oversight.
The strategy has a completed proof.
The Jade Winter Haven converted a 330-key hotel into 238 apartments, stabilized, and refinanced. The fund exists to repeat it.
Questions investors actually ask.
How does a Rule 506(c) offering work?
Fund I is offered under Regulation D, Rule 506(c) of the Securities Act. The rule permits the sponsor to discuss the offering publicly, and in exchange every investor must be a verified accredited investor. Any offer is made solely through the Private Placement Memorandum, which contains the terms and risk factors that govern.
Who can invest?
Verified accredited investors. For individuals that generally means $200,000 of annual income ($300,000 with a spouse or partner) or $1 million of net worth excluding a primary residence; entities qualify under their own tests. The minimum investment is $250,000 for individuals and $1,000,000 for entities. Verification happens during subscription. Self-certification is not sufficient under Rule 506(c).
Where are the fund's economics?
Preferred return, carried interest, and fees are stated in the Private Placement Memorandum and provided in the data room, alongside the underwriting they depend on. We publish structural terms here and keep economics with the documents that explain them.
How do closings work?
Closing dates are stated in the offering documents. Subscriptions are processed through the investor portal after accreditation is verified, and capital is deployed during a 2–3 year investment period.
What reporting do investors receive?
Quarterly reports, annual audited financials, and annual tax documents. An LP Advisory Committee, formed at the initial closing, reviews conflicts, fees, and concentration exceptions.
Can institutions invest directly?
Yes. Institutional allocators can request the DDQ and data room through our institutional desk. We structure fund LP positions, co-GP participation, and direct relationships.
Two ways into the fund.
Available to verified accredited investors only, pursuant to Rule 506(c). Any offer is made solely through the PPM. Terms summarized; see offering documents.