Milestone Equity Fund raises $75m.The Milestone Group The Milestone Group is a British media company, which originally had holdings in radio, publishing and television, but now concentrates on its local television stations. Radio stations The Milestone Group used to own five local radio stations in the UK: MREI I comprises six multifamily properties of 1,532 units in Texas and Florida, with a total capitalization Total capitalization The total long-term debt and all types of equity of a company that constitutes its capital structure. total capitalization See capitalization. in excess of $75 million. Initial distributions are anticipated to be 8.50% to the investors. The portfolio is made up of Class B assets which are less susceptible to new competition and are more affordable to a greater pool of renters. General Partners Jeffrey Goldberg Jeffrey Mark Goldberg (born September, 1965) is an American journalist. He is an author and a staff writer for The Atlantic Monthly, having previously worked for The New Yorker. and Robert Landin reported that the partnership's offering was well received by Deutsche Bank's US Private Wealth Management clients and demand was in excess of supply. "An arrangement of this type has never been done before," noted Mr. Goldberg. "This is the first time a third-party real estate asset sponsor has worked directly with a bank's private wealth management distribution network. Deutsche Bank's interest in real estate investment opportunities for its clients enables us to execute quickly on our investment strategies." "This vehicle provides clients seeking direct exposure to real estate assets an investment option within a diversified and professionally managed fund", said Thomas Boytinck, Head of Real Estate Investment at Deutsche Bank's US Private Wealth Management division. "Our product is a whole new investment vehicle offered to Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank clients," added Mr. Landin. "It is sophisticated and institutional-like in terms of fees, reporting and due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. . We are bringing an institutional approach to the high net worth individual investor, family office and small and medium-sized endowments and pension funds." Milestone believes that multifamily real estate possesses numerous advantages for the high net worth investor. It provides excellent current income and stable cash flows in an extremely liquid asset class. From the standpoint of portfolio management benefits, multifamily offers strong risk-adjusted returns Risk-Adjusted Return A measure of how much risk a fund or portfolio takes on to earn its returns, usually expressed as a number or a rating. Notes: This is often represented by the Sharpe Ratio. The more return per unit of risk, the better. with low volatility and significant diversification advantages. |
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