Learn About Us

ApexOne Investment Partners is a privately held real estate investment firm and fund manager that identifies, acquires, enhances, and operates multifamily real estate across the United States. We believe in housing as a foundation for success and that returns to investors start at our residents' front doors.

Our leadership team brings over 150 years and $16B of cumulative real estate experience to each investment. The firm's guiding principles — Honesty, Integrity, Innovation, and Competitive Excellence — are deeply rooted in our commitment to deliver value to our investment partners. We identify assets where a combination of physical enhancements and focused asset management will positively influence our community residents while maximizing investor returns and mitigating investment risk.

Click here to download our Investment Strategy Overview.

ApexOne Multifamily Strategic Investors Fund V

ApexOne Investment Partners is sponsoring ApexOne Multifamily Strategic Investors Fund V, LP to capitalize on investment opportunities as the U.S. economy experiences a cycle driven by disruptive forces. Fund V is scheduled to close at year-end 2024 but has remaining capacity for new investors.

TARGETED FUND CLOSING DATE DECEMBER 2024
TARGETED NET RETURNS TO INVESTORS 12% - 15%
PREFERRED RETURN 8%
TARGETED MULTIPLE ON INVESTED CAPITAL 2x-3x
FUND LIFE 7 years following the end of the Investment Period1
INVESTMENT PERIOD 24 months from Initial Closing1
MINIMUM INVESTMENT $1,000,0002
TARGETED CAPITAL COMMITMENTS $500 Million3
ASSET MANAGEMENT FEE 1.25% on Called Capital
GENERAL PARTNER CARRIED INTEREST 20% after Limited Partners receive their preferred return and return of Contributed Capital (with a 50/50 catch-up)
1 Subject to extensions by the General Partner for 12 months and thereafter by approval of Advisory Committee or a majority in interest of the Limited Partners
2 Subject to reduction or waiver by the General Partner
3 Subject to increase by the General Partner to $750 million or to an unlimited amount with approval of Advisory Committee.

Over its two-year Investment Period, Fund V will seek to capitalize on disruptions caused by the nation's long-term housing shortage, rising home prices, elevated interest rates, inflationary pressures, and political uncertainty, along with population and job migration accelerated by the COVID-19 pandemic by selectively investing in new developments in high growth markets, and acquiring value-add and core-plus assets, especially those from distressed owners.

THE SPONSOR HAS MADE A COMMITMENT OF $50M TO THE INITIAL CLOSING. THE SPONSOR COMMITMENT WILL INCREASE TO THE LESSER OF (A) $100M OR (B) 28.5% OF COMMITTED CAPITAL.

To learn about Fund V, which closes December 2024,
please click here.

ApexOne Multifamily Income and Growth Fund VI

ApexOne Investment Partners is introducing ApexOne Multifamily Income and Growth Fund VI, LP. This Fund will focus on value-add properties where ApexOne believes that it can increase value through active asset management, capital restructuring, and property repositioning.

TARGETED FIRST CLOSE FIRST QUARTER 2025
TARGETED NET RETURNS TO INVESTORS 12% - 14%
PREFERRED RETURN 8%
TARGETED MULTIPLE ON INVESTED CAPITAL 2x
FUND LIFE 5 years following the end of the Investment Period1
INVESTMENT PERIOD 24 months from Initial Closing1
MINIMUM INVESTMENT $1,000,0002
TARGETED CAPITAL COMMITMENTS $500 Million3
ASSET MANAGEMENT FEE 1.25% on Called Capital
GENERAL PARTNER CARRIED INTEREST 20% after Limited Partners receive their preferred return and return of Contributed Capital (with a 50/50 catch-up)
1 Subject to extensions by the General Partner for 12 months and thereafter by approval of Advisory Committee or a majority in interest of the Limited Partners
2 Subject to reduction or waiver by the General Partner
3 The Targeted Capital Commitment may be revised based upon market conditions and availability of capital.

ApexOne seeks to acquire high-quality assets at discounts to replacement costs. It will target select markets and submarkets that share common attributes, including affordable rent levels, limited competitive supply, high job and population growth, a diversified local economy, a business-friendly environment, lower taxes, and long-term liquidity.

ApexOne expects current market conditions to provide attractive value-creation opportunities that will align with the Firm's strengths. ApexOne intends to make investments that are expected to generate returns from a combination of cash flow and appreciation, generally using fixed-rate debt and leverage of under 65% loan-to-value. Such opportunities may include:

  • Investments with compelling cost basis relative to stabilized and potential cash flows, replacement costs, and comparable market sales.
  • Investments in assets that are expected to generate attractive market returns on cost that also offer opportunities to increase value through proactive asset and property management without relying on broad market growth.
  • Complex situations that offer attractive risk-adjusted returns due to inefficient pricing and/or opportunities for asset-level value creation.
  • Opportunities to recapitalize or acquire assets from owners facing financial pressure, liquidity constraints, and/or failed partnerships.
To learn more about Fund VI and access additional details,
please click here.

EXECUTIVE TEAM

ApexOne Investment Partners has assembled a team of motivated real estate professionals with a combined 150+ years and $16B of industry experience. We execute a disciplined approach at all times, but remain agile with the ability to capitalize on opportunities as they arise. The company culture fosters teamwork and encourages innovation. We are relentless in our pursuit of performance excellence.

Jim Hearn
Executive Managing Director
Ernest Johnson
Executive Managing Director
Tim Burns
Executive Managing Director

Chief Investment Officer
David Steele
Executive Managing Director

Investments
Our Performance
Fund Vintage Capital Commitments Number of Properties Realized Investments % Capital Returned to Investors Weighted Aerage IRR1 MOIC1 Net Unrealized Fund IRR2
Fund I 2014 $16.9M 13 11 189% 29.1% 2.85x 19.1%
Fund II 2016 $55M 15 10 171% 35.4% 2.71x 18.5%
Fund III 2018 $108.6M 14 6 71% 47.8% 2.28x 15.5%
Fund IV3 2021 $355M 18 2 0 -2.9% 0.93x -2.9%
Fund V4 2022 $141.5M 14 N/A N/A N/A N/A N/A
1 Returns as of 12/31/2023. All values shown are in $USD. Past performance is not a guarantee of future results.
2 Returns as of 12/31/2023 from Audited Financial Reports
3 The negative returns and lower MOIC in Fund IV reflect the sale of two properties in 2024 along with a valuation of the remainder of the portfolio. Portfolio valuation was impacted negatively during this period due to few comparable sales, high interest rates and the lack of capital availability in the real estate market. The sponsor expects returns and MOIC to increase as interest rates decline and capital re-enters the market.
4 Fund V is still in the investing and development period. The properties include projects under development, raw but entitled land and options to invest in properties yet to be developed.

If you are interested in receiving more information about Fund V or Fund VI, please provide your contact information below, or click here to email Ernest Johnson, the Executive Managing Director, directly.

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* Note: Property photos shown on this page are of assets owned by ApexOne and are representative of the type of property Fund VI will target for acquisition.