2024 Catalyst Fund Details

A comprehensive overview of the investment opportunity and fund structure, managed by Comstock Ventures

Fund Structure

Key Details

  • •Estimated $1.5-1.75M of contributed equity
  • •2-3 Month open enrollment period each year
  • •Minimum initial investment of $5,000
  • •Auto invest program OR single lump sum Investment
  • •Fund holds 10-15% of cash reserves (~$200-300k)
  • •Expected returns: 12.5% - 16.5% IRR

Portfolio Structure

  • •25-35 homes per fund
  • •Debt is placed at avg 65% of LTV/LTC
  • •Fund Ownership: 80/20 Agent & Manager Split
  • •Approximately 20 year life cycle
  • •Early redemption option (20% Penalty)

Fund Lifecycle

Phase 1: Years 1-2

Acquire properties and establish the portfolio

Phase 2: Years 3-10

Focus on debt reduction and portfolio optimization

Phase 3: Years 11-20

Distribution phase with regular income payments and final property sales

Investment Strategy

Target Markets

  • •Focus on South and Midwest markets
  • •Areas with strong economic fundamentals
  • •Markets with proven rental demand
  • •Regions with attractive price-to-rent ratios

Property Criteria

  • •Target Monthly Gross Rental Yield: average 1.20%
  • •Minimum Target DSCR: 1.0
  • •Cap Rates: Typical 6.5-8.5%
  • •Focus on single-family homes

2024 Timeline

  • •March 1, 2024: Open Enrollment Period Begins
  • •March 15, 2024: Fund Inception – Legal Docs Available
  • •May 31, 2024: Participation Interest Deadline
  • •June 21, 2024: Legal Documents Execution Deadline
  • •July 1, 2024: Fund Commencement, Begin acquisitions
  • •June 2024 – April 2025: Auto Invest Period (if applicable)

Our Partners

Fund Management

The Catalyst Fund is professionally managed by Comstock Ventures, a real estate investment company committed to cultivating communities and helping renters thrive.

Learn more about Comstock Ventures →

Lending Partner

Tall Oaks Equity serves as our primary lending partner, providing flexible long-term financing structures tailored to our investment strategy.

Learn more about Tall Oaks Equity →

Ready to get started?Contact us to learn more about participating in the 2024 Catalyst Fund.

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