Fund strategy
Value-Add real estate funds.
Value-add real estate funds buy assets with a fixable problem — under-management, vacancy, deferred capex or an expiring lease — and create value through repositioning before selling. Returns sit between core and opportunistic, with moderate leverage and a defined business plan per asset.
Funds tracked
6
Vintages
2013–2023
Median net IRR
20.2%
3 funds
Median TVPI
1.40x
6 funds
Most-covered markets: U.S. National, Europe
Managers active in value-add
Other strategies
Figures aggregate funds we classify into this strategy from public LP and consultant disclosures. Global Real Estate Intelligence is a neutral index; all rights in the underlying disclosures remain with their publishers.