Check back regularly to see photos of renovated units and common areas!
San Diego, California
To kick off the new year, IDEAL closed a 172-unit value-add property in the heart of Downtown San Diego’s East Village in late January 2019. Hanover Financial funded over $13,000,000 of the total equity requirement, with IDEAL’s principals and network of investors personally funding the remainder.
ICG plans to undergo a multi-million dollar three year rehabilitation on each asset, deploying a team of contractors, property managers, and asset supervisors to oversee the work. Through the rehabilitation plan and the improvement of the operations at each property, ICG expects to achieve a 2.2x equity multiplier by year 5 and a 16%+ internal rate of return for our investors. Click here to see more information about this project.
Central Valley RE Fund
Central California / Visalia, Tulare, & Kingsburg, California
In late July 2017, ICG closed a three property, 450-unit portfolio known as the Central Valley RE Fund. ICG secured a $16,000,000 equity commitment from Transamerica Corporation/Aegon USA Realty Advisors. The total capital stack (including all debt and equity) is approximately $55,300,000.
The property represents an attractive investment opportunity due to its central location in the heart of Solano County and commuting distance to the technology capital of the world. ICG is implementing a significant multi-year rehabilitation on the property. The total capital stack on this fund is expected to be approximately $23,300,000 and the investment multiplier on a ten-year hold is projected to be 3.76x. Click here to see more information about this project.
Fairfield Investments Fund
Bay Area / Fairfield, California
ICG closed a 120-unit value-add property in the Bay Area submarket of Fairfield, California in the beginning of November 2017. Transamerica Corporation/Aegon USA Realty Advisors funded 95% of the total equity requirement, with ICG’s principals and network of investors personally funding the remainder.
See BEFORE and AFTER photos:
Elements @ 1600, Fairfield CA
Real Estate Development Services
Recognizing a unique opportunity in the market, REDS’ principals created IDEAL Capital Group (“ICG”) to focus on multifamily acquisitions. ICG has utilized and leveraged the decades of expertise, relationships, capital, and resources of REDS to quickly scale its business. REDS and ICG continue to work closely together as complimentary entities with separate and distinct goals.
Click here to see a project list from Real Estate Development Services.
Funds Under Management
IDEAL is currently acquiring new properties throughout California. If you would like to learn more about investing with us, please feel free to contact us. Inquiries may be addressed to:
Director of Acquisitions
(559) 292-9212 xtn: 121