Fund Mechanics: Highlights
Fund Size: $20M of total equity ($50-$60m+ of buying power)
Properties under contract: $37.6M across 24 buildings in 13 states, 15 tenants and 9 distinct industries (80% of total fund)
Investor Cash Flow: 8.50-9% annualized cash flow with a 68% return of capital (99% w/ annual distributions) in year 4 through a strategic refi, and a full exit/liquidity event within 5-7 years.
Equity Return Matrix: Haven is projecting a 16-19%+ Net IRR and 1.75-2.20x+ Net equity multiple (assuming a year 5 exit).
Haven Equity Commitment: $1,500,000 (7.5% of total fund) + Personal Guarantees on all debt.
Properties Under Contract: Lease Details
Lease Type: Absolute NNN leases (no landlord responsibilities) w/ Corporate Guarantee from each company.
Term: Average Lease term of 16.6-years w/ four (4), 5-year renewal options after initial term.
Cap Rate: 9.15% blended cap rate w/ blended annual rent increases of 2.80% annual on initial properties under contract.
Properties Under Contract: Tenant Overviews
PE-Backed HVAC Platform: Largest privately Held HVAC company in North America, backed by PE fund with $75B AUM; the company has $2B in Revenue and over $200M in EBITDA.
VC-Backed Acquisition Vehicle: Unique Small Business acquisition platform backed by a few of the leading Venture Firms in the US; Likely to IPO within the next 2-3 years, greatly enhancing the value of our buildings and leases.
Top 10 Childcare Operation in the US: Top 10 Childcare Operator in the US with 120 locations, backed by a top Chicago Private Equity firm.
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