In 2024, Next Realty launched Next Realty Fund XI, LP, a private real estate offering tailored for investors seeking a combination of current income and long-term value creation, guided by an experienced and committed management team.
Since the fund’s inception, we have reviewed hundreds of investment opportunities. As we pursue properties that align with our strategic objectives, we emphasize patience, agility, and diversification. Our longstanding relationships with brokers, financial institutions, and trusted advisors continue to generate high-quality deal flow. Each prospective acquisition is subjected to a thorough vetting process, including rigorous financial evaluation and comprehensive due diligence.
Below please find an overview of some of the opportunities we have pursued to illustrate our approach in action:
Potential Acquisition #1:
- Asset Type: Vertical power center
- Purchase Price: $20,000,000
- Size: 90,455 SF
- Occupancy: 100%
- Tenants: 3
- Business Plan: Urban in-fill lease renewal
- Decision: We could not get comfortable with the major tenant’s future occupancy, and decided to terminate the investment.
Potential Acquisition #2:
- Asset Type: Residential conversion
- Purchase Price: $3,250,000
- Renovation Cost: $12,000,000
- Number of Units: 36-54
- Business Plan: Office-to-multifamily conversion
- Decision: The real estate fundamentals were strong, but securing approval from other property owners for a change of use proved too difficult.
Given Next Realty’s investor-focused approach, we prioritize building meaningful relationships.
Our investors have choices in where they allocate capital, and we take pride in knowing them personally. Many have been with us for years, and we strive to be a key resource for their real estate investments.
With a diversified portfolio spanning retail, parking, and multi-family assets, we offer strategic exposure across property types, geographies, risk levels, and hold periods.
In light of evolving market conditions, we have extended the target final close for Next Realty Fund XI, LP.
