Boomerang Capital will review value add opportunities in the Single Family Housing market. In the traditional equity and fixed income markets, it has become a challenging to generate income without taking significantly more risk. Boomerang Capital offers relative safety and consistency of income delivered by an experienced team of relationship based lenders. Single Family Homes are arguably the most important asset class in real estate and Boomerang Capital provides exposure through a private fund structure offering senior secured debt in the form of 1st lien positions on 500 loans across 12 states.

Join us for a training on the powerful listing tools available in the FLAIA marketplace. You spoke and we listened, you wanted to ability to create and update marketplace listings. We have given you direct access to the tools to create marketplace listings directly from the account management section. During the webcast, we will review the features, capabilities and types of products that can be listed on the FLAIA Marketplace. The new and improved marketplace is makes it easier for investors to discover and learn about a diversified pool of alternative investments, based on the attributes the product listing. We invite you to check out the new marketplace - https://flaia.org/marketplace/!

PIA is pleased to announce the launch of the PIA Residential Fund I. Keeping in line with our investment strategy, the Fund seeks to achieve attractive risk-adjusted returns by investing in a diversified portfolio of value-add institutional multifamily properties in growth markets of the Southeast US. Investments will target well-located multifamily assets that are under-managed and/or can be purchased below replacement cost. As with prior investments, the focus will be on properties that generate consistent cash flow and provide opportunities for rent increases and value appreciation through light to medium renovations and a capital improvement program.  Average target cash-on-cash distributions are 6-8% with an overall target net investor IRR of 12-14%.

As a result, the Fund has already identified its first investment - Summerchase at Riverchase, a 1989 built, 240-unit property in Hoover, a prime Birmingham, Alabama suburb. This is an off-market opportunity initially offered to us at the beginning of the year for $44 million. After continued negotiations, we were able to secure it for $39.25 million. Because of its location, market dynamics, and 95% renovation potential, Summerchase offers an excellent value-add opportunity expected to produce returns in line with the Fund’s targets.