Real Estate Funds
LIC US Real Estate Fund No. 1 SICAV-FIS (liquidated)
Inception: 2007
Region: USA (growth regions)
Sector: diversified
Risk Profile: Core/Core+
Investment Volume: approx. 350 mn US$
Investors: Pension fund, Insurance company
Hedging: Currency Overlay Management
Region: USA (growth regions)
Sector: diversified
Risk Profile: Core/Core+
Investment Volume: approx. 350 mn US$
Investors: Pension fund, Insurance company
Hedging: Currency Overlay Management
LIC US Growth Fund SICAV-FIS
Inception: 2015
Region: USA, Sunbelt
Sector: Preliminary Multifamily
Risk Profile: Core+/Value-Add/Devlopment
Investment Volume: approx. 160 mn US$
Investors: Pension funds
Hedging: n/a
Region: USA, Sunbelt
Sector: Preliminary Multifamily
Risk Profile: Core+/Value-Add/Devlopment
Investment Volume: approx. 160 mn US$
Investors: Pension funds
Hedging: n/a
Exemplary property sales
Low Leverage Core Investments
Residential Property, Chandler/Arizona
Year of acquisition: 2016
Purchase price: 29.5 mn US$Hold period: 4 years
Sales price: 46.025 mn US$
IRR on property level: 18.53% p.a.
Retail Property, Coral Gables/Florida
Year of acquisition: 2008
Purchase price: 31.1 mn US$Hold period: 5.5 years
Sales price: 38.7 mn US$
IRR on property level: 11.86% p.a.
Office Property, Charlotte/North Carolina
Year of acquisition: 2008
Purchase price: 31.3 mn US$Hold period: 9.5 years
Sales price: 40.0 mn US$
IRR on property level: 11.25% p.a.