INVESTMENT STRATEGIES
IREF evaluates markets, partners, and assets through a series of screens to carefully select investments that align with the Fund thesis, aiming to maximize returns, mitigate risk, and deliver positive community impact. Our primary investment strategies center around new construction and value-add repositioning of stabilized assets. IREF will balance its portfolio allocation between these two strategies to capture upside in response to the movement of the market cycle.
INVESTMENT STRATEGY: NEW BUILD
Value Proposition
Build Class A mixed-income communities with attainable housing for moderate-income households in opportunity-rich urban locations that will also attract renters by choice
Leverage established sponsor relationships with local governments to generate public subsidy for income- restricted rents and to buydown risk on market-rate lease-up
INVESTMENT STRATEGY: VALUE-ADD ACQUISITION
Value Proposition
Acquire Class B, market-rate and mixed-income communities with naturally occurring affordable housing for moderate-income households in mature or transitioning, commute-friendly submarkets
Invest in unit and community upgrades to smartly reposition for rent premiums relative to submarket. Layer subsidies to introduce and preserve income-restricted rents while creating long-term incremental value
We aim to maximize returns, mitigate risk, and deliver positive impact to communities.
