Fund III
A Growth & Income
Investment Offering
Harris Investment Group's Fund III was created to deliver income, growth, and depreciation benefits for accredited investors by securing deep-value opportunities within a portfolio of NNN gas stations and apartment assets. Through offering two share classes, investor partners are able to make more of what they are seeking—income or growth.
Target Gross IRR
20%
Target Fund Allocation
80% Truck Stops, 20% Apartments
Asset Type
Truck Stops & Apartments
Hold Period
5 Years
Strategy
Value-Add
1st Year Depreciation to Equity Target
100%
Fund III
HIG Real Estate I (Fund I) opened in the Spring of 2021 and was the first close-ended fund established by Harris Investment Group. The purpose of Fund I was to leverage the many years of individual property syndications and provide a diversified portfolio of assets across multiple markets for our investor partners.
​
From March 2021 until the end of the year, the HIG team raised and deployed $23M of investor capital. The fund portfolio includes an asset mix of 6 multifamily properties, a development project, and a portfolio of gas stations. This asset mix is a key differentiator of the firm's unique strategy which enables the fund to deliver both high returns and high depreciation loss benefits.
Fund I is closed to additional investor capital.
