Investment Vehicles
Initially, Albany Road acquired real estate using a syndication structure, capitalizing each investment (debt and equity) on a one-off basis. We pivoted to a fund model beginning in 2015, as described further below:
FUND I
Final Closing
February 2015
Size
$25MM
Fund Status
Closed and realized
The investments in Fund I were sold as part of a larger nine-property self-storage portfolio in April 2016, and Fund I was subsequently dissolved.
Focus
A fully discretionary self-storage fund, aimed at acquiring smaller, one-off self-storage investments in the Northeast, prior to selling an aggregated larger portfolio at a premium.
FUND II
Final Closing
April 2018
Size
$175MM
Fund Status
Closed and active
Fund II was fully deployed in April 2020 and consisted of seventeen investments, four of which provided co-investment opportunities for our investors. Eleven of these seventeen investments have been realized.
Focus
A fully discretionary industrial and office fund, diversified by geography, product type, and tenant profile across the Northeast, Southeast, and Southwest.
FUND III
Final Closing
January 2021
Size
$245MM
Fund Status
Closed and active
Fund III was fully deployed in September 2023 and consisted of twenty-six investments, two of which provided co-investment opportunities for our investors. Three of these twenty-six investments have been realized.
Focus
A fully discretionary industrial and office fund, diversified by geography, product type, and tenant profile across the Northeast, Southeast, and Southwest.
Strategic Opportunity Fund (FUND IV)
First Closing
June 2023
Size
$200MM (target)
Fund Status
Open and active
The Strategic Opportunity Fund has current commitments of $130MM and has made five investments to date.
Focus
A fully discretionary industrial (including industrial outdoor storage), office, and athletic facilities fund diversified by geography, product type, and tenant profile across the Southeast, Southwest, and Mountain States.