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Real Estate Fund

KFBSF Real Estate Funds

KFBSF Real Estate Fund I was established in 2007 with the primary objective of providing a unique educational experience for student managers and secondarily to provide investment returns to its Limited Partners. Funds I, II and III are fully invested and Fund IV (established in 2018) is currently being invested.

Tenure as a manager on the Real Estate Funds provides a select group of students with hands-on experience in the operation of a private investment fund. Concurrently, student managers have the opportunity to establish personal and professional relationships with national real estate developers and investors. The Funds’ managers work closely with the real estate faculty and friends of Kenan-Flagler Business School to identify and evaluate investment opportunities for the Real Estate Funds. Once an investment is approved and placed, the student managers provide continued surveillance, reporting, and asset management.

The Funds are diversified both geographically and across property types. Each investment opportunity is analyzed and discussed thoroughly with faculty and advisers before approval.

KFBSF investor portal

For our KFBSF Fund investors, access your confidential portal. For investors who would like to arrange access to your portal, please contact KFBSF Real Estate by email.

Managing the fund

The student managers are responsible for the day-to-day operations and general management of the Real Estate Fund. The student management team reports to the Board of Directors of the Real Estate Fund General Partner. The Board of Directors consists of six members, four from the UNC Kenan-Flagler Business School and two from outside the school. To oversee and approve each investment, the Real Estate Fund works closely with an Executive Committee formed from three of the Directors. In addition, a Faculty Committee and an Advisory Board also guide the student managers in their investment underwriting and analysis.

 

2022-23 Investment Team

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Portfolio overview

 

Portfolio summary

Capital raised in millions 18.65
Total funds 5
Fully invested funds 4
Total investments funded 57
Years of investing 14
States in which we invested 18
Unique LPs 147
Fund managers since inception 145

Portfolio by property type

46% Multifamily
15% Office
10% Self storage
6% Senior housing
5% Retail
5% Hospitality
4% Industrial
3% Mixed-use
3% Condo
2% Medical office
1% Land
1% Townhome

Assets by geography

16% North Carolina
13% Georgia
13% Texas
7% Pennsylvania
6% Florida
6% Maryland
6% New York
5% Colorado
4% South Carolina
4% Illinois
4% Tennessee
4% District of Columbia
3% Wisconsin
3% Virginia
2% Minnesota
2% New Mexico
2% Oregon
1% New Jersey