URL:
Location:
Anaheim California
Niche:
Value-add Apartments
Prior::
Real Crowd

Overall:

Communication/Reporting:

Track Record/Performance:

Sponsor Fees:

Fiola Communities is a private equity real estate investment firm based in Orange County, California with satellites in Northern California and the Pacific Northwest. The firm’s core-strength is value-added multifamily investment acquisitions, rehabilitation and improving the overall quality of life in each apartment community. Clean, Safe, and Attractive is the firm’s standing commitment to its residents and communities.

The firm’s executives draw upon over fifty years combined real estate experience in acquisition, development, and rehabilitation of over 10,000 residential units of various investment classes spread over six major US markets, primarily in California and the Pacific Northwest.

Fees and Other information about the sponsor:

1. Acquisition fee (typical) – 2%

2. Asset management fee (What is based? (Equity, Total Assets, or Revenue)
1.5% of GOI

3. Management fee (typical)
3.5%

4. Construction fee (typical)
9%

5. Sponsors Loan fee (typical)
Sponsor does not take a loan fee. But, our loan broker usually charges 1%.

6. Disposition fee (typical)
1%

7. Promote & waterfall (typical)
8% pref paid on held equity. 60/40 split (investor/sponsor) to 30% annualized. Profit above 30% annualized is split 50/50.

8. Catch up fees for sponsor
I don’t believe we have these.

9. Years of experience/existence
Each principle has 40+ years experience doing value-add rehabilitation at various companies where we have been employed or that we have owned. Fiola Communities has been around for 5 years now.

10. Number of deals sponsor has participated with outside investors
Fiola Communities has done 21 deals.
Principles have done over 100 and have turned more than 10,000 units.

11. Asset Value of Sponsor's Investments
Currently ~$50M

12. Average Investor IRR on completed deals (Low, high and median. If available)
We track annualized return rather than IRR. But our performance has averaged 24% across all deals.

13. Number of times exercise their callable right to investors
0

14. Typical co-invest percentage
15% or more.

Due Diligence & Discussions

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Fiola Communities Fiola Communities
Rated 3.3/5 based on 4 customer reviews

Fiola Communities is a private equity real estate investment firm based in Orange County, California with satellites in Northern California and the Pacific Northwest. The firm’s core-strength is value-added multifamily investment acquisitions, rehabilitation and improving the overall quality of life in each apartment community. Clean, Safe, and Attractive is the firm’s standing commitment to its residents and communities.

The firm’s executives draw upon over fifty years combined real estate experience in acquisition, development, and rehabilitation of over 10,000 residential units of various investment classes spread over six major US markets, primarily in California and the Pacific Northwest.

Fees and Other information about the sponsor:

1. Acquisition fee (typical) – 2%

2. Asset management fee (What is based? (Equity, Total Assets, or Revenue)
1.5% of GOI

3. Management fee (typical)
3.5%

4. Construction fee (typical)
9%

5. Sponsors Loan fee (typical)
Sponsor does not take a loan fee. But, our loan broker usually charges 1%.

6. Disposition fee (typical)
1%

7. Promote & waterfall (typical)
8% pref paid on held equity. 60/40 split (investor/sponsor) to 30% annualized. Profit above 30% annualized is split 50/50.

8. Catch up fees for sponsor
I don’t believe we have these.

9. Years of experience/existence
Each principle has 40+ years experience doing value-add rehabilitation at various companies where we have been employed or that we have owned. Fiola Communities has been around for 5 years now.

10. Number of deals sponsor has participated with outside investors
Fiola Communities has done 21 deals.
Principles have done over 100 and have turned more than 10,000 units.

11. Asset Value of Sponsor's Investments
Currently ~$50M

12. Average Investor IRR on completed deals (Low, high and median. If available)
We track annualized return rather than IRR. But our performance has averaged 24% across all deals.

13. Number of times exercise their callable right to investors
0

14. Typical co-invest percentage
15% or more.