A real estate limited partnership is like a private fund that lets you profit passively from large property investments

RELPs offer a chance to invest in real estate. Payoffs may take years, but can be big for those willing to wait.
  • A real estate limited partnership (RELP) is a private investment that pools investors’ funds to buy, develop, and sell properties. 
  • During their lifespan, RELPs may furnish a regular income, but mainly pay profits at the end when their properties sell.
  • Although they offer high returns, RELPs also come with considerable risks, and investors can’t easily unload them.
  • Visit Business Insider’s Investing Reference library for more stories.

Real estate can be an excellent addition to your investments, not only for its own potential for appreciation and income but also for the diversification it brings to a portfolio. There are plenty of ways to gain real estate exposure: You could invest in a rental property or a commercial building, or fix-up and flip a house.

But what happens

Read More

New Fund Created to Bet Against Swedish Real Estate

(Bloomberg) — In the middle of a takeover battle between two Swedish property titans, an asset manager in the country has just set up a credit fund to bet against the sector.



a street scene with focus on the side of a building: The Innovationen residential skyscraper, developed by Oscar Properties Holding AB, stands in the Vasastan neighborhood in Stockholm, Sweden, on Friday, March 8, 2019. Residential skyscrapers are rare in Stockholm, a city permeated by five-story, classic stone buildings built at the turn of the last century.


© Bloomberg
The Innovationen residential skyscraper, developed by Oscar Properties Holding AB, stands in the Vasastan neighborhood in Stockholm, Sweden, on Friday, March 8, 2019. Residential skyscrapers are rare in Stockholm, a city permeated by five-story, classic stone buildings built at the turn of the last century.

Strand Corporate Bond Fund will hold an “underweight” position on Sweden’s real-estate industry, according to its co-managers Mari Fors Rhenman and Carl Johan Lagercrantz of Strand Kapitalforvaltning AB.

Loading...

Load Error

Issuance in Sweden’s corporate bond market has been increasingly dominated by real estate firms, which have used the debt to pay for their rapid growth. At the same time, the secondary market for trading bonds has been widely criticized for its

Read More

Credit Suisse commercial property fund to liquidate amid big discount

FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann

ZURICH (Reuters) – A Credit Suisse Group global property fund will wind down against the backdrop of low trading volume and a discount of more than 20% to underlying assets due to market corrections triggered by the COVID-19 pandemic, the Swiss bank said.

“The fund management company has decided to liquidate the Credit Suisse Real Estate Fund Global, partly because of the trading discount that has arisen on the stock market,” it said.

The properties held by the real estate fund are to be transferred to the Credit Suisse Real Estate Fund International in the first half of 2021, and the liquidation proceeds will be paid out to the investors, according to the bank.

Trading in the fund units on the SIX Swiss Exchange

Read More

Crown Realty Partners Announces Sale of 2300 Meadowvale Blvd and Initiates Capital Raising for its Fifth Value Add Fund

TORONTO, Nov. 27, 2020 (GLOBE NEWSWIRE) — Crown Realty Partners (“Crown”) announced the sale of 2300 Meadowvale Boulevard, Mississauga to an institutional buyer for $75.5 million or $315 psf. The property was originally acquired by Crown on behalf of its fourth value-add fund, CR IV LP, in June 2017 with a two-year leaseback from the original owner. Upon acquisition, Crown initiated the repositioning and marketing program for this corporate campus including large-scale capital upgrades to the common areas, amenities and parking facilities. Within 12 months, Crown completed a long-term lease for the entire property as the GTA office hub for one of the world’s largest healthcare companies.

Located on 23 acres within the Meadowvale Business Park in the City of Mississauga, the three-storey 240,000 sq. ft. building is easily accessible by the 400 series highways, public transit and the Meadowvale Go Station. The campus offers sprawling floorplates and plenty of

Read More

Contractor with ties to Johnny Doc indicted for tax fraud and defrauding union benefit fund

A close associate of Philadelphia union leader John “Johnny Doc” Dougherty was indicted Wednesday on multiple counts of bank fraud, tax fraud and stealing from the benefits funds for union workers.

Loading...

Load Error

Donald “Gus” Dougherty, 54, collaborated with Michael McKale, an accountant working for his company, Dougherty Electric Inc., to alter financial records and lower the amount of federal taxes he was required to pay, according to the indictment filed Wednesday in U.S. District Court.

McKale, 47, has been charged with conspiracy to defraud the IRS and related offenses.

Dougherty’s attorney, Eric W. Sitarchuk, said Wednesday he “intends to vigorously contest the charges.”

Though Dougherty is not related to the prominent Democratic kingmaker, the two have been lifelong friends, and have been linked in the FBI’s ongoing probe against John Dougherty.

Gus Dougherty pleaded guilty in 2008 to defrauding John Dougherty’s Local 98 out of more than $500,000 in

Read More

Affiliated’s $125M Workforce Housing Fund Targets Florida

Affiliated Development is renewing its commitment to workforce housing projects and social impact investing with the launch of the Affiliated Housing Impact Fund. The $125 million fund will provide equity capital for the development and investment of mixed-income workforce housing in Central and South Florida.

Launched this week, the fund already has requisite capital commitments and the initial close is scheduled in December. Fort Lauderdale Police and Firefighters’ Pension Fund, West Palm Beach Police Pension Fund, Hollywood Police Pension Fund, Hollywood Firefighters’ Pension Fund and Miramar Police Pension Fund have already committed capital. “We are thrilled to be partnering with local public pension plans. We see an inherent alignment of interest with our pension partners who can reinvest capital back into the community while providing housing for their contributors and the local workforce,” said Nick Rojo, co-general partner and manager of the fund. In addition, Affiliated is seeking investment from

Read More

Magnum Real Estate Sued Over Tribeca Condo Reserve Fund

Magnum Real Estate's Ben Shaoul and 87 Leonard Street (Getty; StreetEasy)

Magnum Real Estate’s Ben Shaoul and 87 Leonard Street (Getty; StreetEasy)

Unit owners are accusing Ben Shaoul’s firm of stiffing them on reserve-fund money for the Tribeca condominium 87 Leonard. But the law might not be on their side.

The board of managers on Tuesday sued Shaoul’s Magnum Real Estate, alleging the developer was required to put another $1.89 million in sales proceeds into the building’s reserve fund. The board seeks that money plus fines and penalties for a total of about $7.6 million. The boutique project’s seven residences sold for between $6.6 million and $9.1 million from 2016 to 2018.

A reserve fund in a condominium is earmarked for building repairs and improvements. The case at 87 Leonard hinges on whether the law required 3 percent of sales to be contributed to the reserve fund, which may depend on what kind of building it was upon being converted to

Read More

House unveils budget plan, would dig into rainy day fund

BOSTON (AP) — The Massachusetts House is preparing to consider whether to dip even deeper into the state’s rainy day fund than what Gov. Charlie Baker has proposed when they debate a $46 billion state budget plan next week.

The budget proposal won’t include any new broad-based taxes, according to Democratic leaders in the House. Instead it will focus on areas like supporting students during the pandemic, enhancing food security and boosting substance addiction services, domestic violence and sexual assault treatment and prevention, and legal assistance.

“This is a crisis budget that pays bills but concentrates on those who are most in need of help,” Democratic House Speaker Robert DeLeo said Thursday.

The proposed spending plan also aims to increase assistance to renters, many of whom have struggled to pay rent after losing income during the coronavirus pandemic.

The plan would restrain courts from finalizing evictions if a tenant

Read More

Will help-to-buy scheme fund a rebuild if I demolish a property?

My partner and I are currently looking into grant options that might be applicable to us. We are hoping to buy the house that we are currently living in (my partner’s great grandparent’s house) with the view to demolishing all but the front wall.

My partner is eager to retain that one wall as a keepsake of the three generations that have gone before him but we are intending to completely demolish all other aspects of the house – internal walls, floors, windows, roof etc and build our own home to the highest of current regulations and standards in its place.

You wrote previously about access to help-to-buy for someone who bought a house and demolished it. Do you know if the couple in your article were successful in their application for the scheme?

Have you come across any other cases like ours and do you think we would qualify

Read More

VC Firm Camber Creek Closes $155 Million Fund III for Investment in Real Estate Technology

Oversubscribed Fund Validates Firm’s Investment Strategy and Underscores Demand for Technology to Drive Innovation

Camber Creek, a venture capital firm focused on investing in and scaling early and growth stage companies that are transforming the real estate industry, announced that it closed an oversubscribed third fund with capital commitments of $155 million. Founded in 2011, Camber Creek has more than $250 million in assets under management and notable investments in leading proptech companies such as Notarize, VTS, Latch, Bowery Valuation, Measurabl, Funnel, Compstak, Curbio, Fundrise, WhyHotel, Building Engines, Rabbet, TaskEasy, Latista (acquired by Oracle), RedIQ (acquired by Berkadia), Vedero (acquired by Murata), Canvas (acquired by K1 investments) and ClearEdge3D (acquired by Topcon).

“We are excited about the recent close, made possible by the strength and growth of Camber Creek’s institutional platform. We plan to harness this opportunity to continue our proven strategy and hands-on approach to investing in proptech companies,”

Read More