December Newsletter
About Us
Priority Funds is a private real estate fund that delivers a combination of strong dividends and significant upside growth potential through diversification, similar to a mutual fund.
Our current Fund is expected to exceed our goals of delivering an average 6-8% average annual yield to investors and exceed our goal of delivering a 12-15% IRR to investors over a 4-6 years staggered liquidation!
Priority Fund's current portfolio includes apartments, hotels, and biotechnology labs located in:
- Cambridge, MA
- Downtown Washington, D.C.
- Atlanta, Georgia
- Austin, Texas
- Denver, Colorado
- Durango, Colorado
- San Antonio, Texas
- Brooklyn, New York -
Priority Funds is excited to announce a $200,000 investment into the District Lofts, a 35-unit apartment building originally built in 1914 and renovated in 2016. The building is located at 265 S 2nd St in Brooklyn with a Walk Score of 100 and includes 419 restaurants within a 5-minute walk. The building is within walking distance of Manhattan.
New York rents were hit hard during the pandemic and this investment takes advantage of a rare opportunity to invest in New York as the market improves Rents in Williamsburg have increased by 5% over the past year according to Costar. This location is rated by Green Street and Evra as A and A+ for rentals based on existing and future projections
This value-add project will take place over 5 years and is expected to generate a 21.66% IRR to the fund. Williamsburg is Brooklyn’s booming epicenter with a well-deserved and worldwide reputation for being an influential hub thanks to a thriving cultural scene.