Offering Start – January 2020
Single Family Home Fund
Bayside Partners, LLC launched Akron Housing Fund (AHF) in January 2020 which is a professionally managed income fund that is designed to secure homeownership & leasing options for low- and moderate-income (LMI) individuals and families through targeted investment in their communities.
The Akron Housing Fund is a for-profit investment model that successfully rewards investors and encourages additional and sustained investment in housing revitalization in greater Akron including Summit, Stark, Mahoning and Trumbull Counties. The Akron Housing Fund is community reinvestment act (CRA) compliant so that banks can invest & lend!
The Akron Housing Fund helps municipalities to receive more timely property tax collection, realize a reduction in neighborhood blight and experience an improvement in property values for the LMI communities.
The Akron Housing Fund is offering up to $20 million in equity interests, leading to a total leveraged fund size of approximately $50 million in assets under management. Operations are blended into sales to owner-occupants and long-term rentals depending on demand for each with a priority on sales to owner-occupants. Bayside Partners is targeting an annual ROE of 12%+ with quarterly distributions over a 5-year holding period.
AKRON HOUSING FUND is Benefitting Greater Akron!
Thank you for your interest.
Please contact Joe Heinl for more information.
joe@bayside-partners.com
Cell: 561-722-5784
