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The Fund
Residential Adaptive Reuse Fund
Still Property Group Fund I, LP is a $50 million co-general partner fund designed for accredited investors seeking direct exposure to sponsor-level returns. The fund targets the acquisition and conversion of underutilized hotel and office properties into high-demand residential communities across supply-constrained U.S. markets.
| Key Highlights | |
|---|---|
| Fund Size | $50 Million |
| Fund Structure | Co-General Partner (Co-GP) |
| Preferred Return | 15% Net to Investors |
| Target Net IRR | 30% |
| Net Equity Multiple | 2.3x (Net of Fees) |
| Target Hold Period | 4 Years (Avg. Project Hold) |
| Promote Participation | 25% of Net GP Promote |
| Active Pipeline | $150M+ in Projects Under Contract |
| Investor Eligibility | Accredited Investors Only |
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