Pacific Zephyr Fund I, L.P. | Pacific Zephyr Management LLC
| Fund Name | Pacific Zephyr Fund I, L.P. |
|---|---|
| Fund Manager or Organizer(s) | Pacific Zephyr Management LLC |
| Fund Size | $12,000,000 |
| Fund-Related Website | pacificzephyr.com |
| Investment Focus | Multifamily Residential |
| Geographic Focus | California |
| Additional Fund Details | Pacific Zephyr Fund I, L.P. is a single-asset qualified opportunity fund that will invest in the TEF Group Project, Peach Apartments, at 144, 158, & 174 Peach Ave in Fresno, California. Peach Apartments is a fully entitled multifamily project comprised of 129 units across five 3-story buildings. The project is expected to be completed in Q2 of 2022. The fund has a target annualized 10%ā12% IRR over a 10-year hold period. The fund anticipates a refinance after stabilization which will allow a distribution to the investors to pay their 2026 deferred gain. |
| Organization Details | Pacific Zephyr is a collaboration between Pacific United Partners and Zephyr OZ to create a single-asset Qualified Opportunity Fund with a dedicated management team. Pacific United Partners and Zephyr OZ have formed Pacific Zephyr Fund I, L.P. (āFundā). The Fundās GP is Pacific Zephyr GP LLC, a joint venture between Pacific United Partners and Zephyr OZ. The Fund will be managed by another Pacific United/Zephyr joint venture, Pacific Zephyr Management LLC. The developer, TEF Group, is an affiliate of Pacific United Partners and is a partner in the Fundās QOZB alongside the Fund. |
| Fund Contact | .... |
| Name | Elizabeth Humphreys |
| Job Title | Manager of GP |
| Phone | (646) 275-2896 |
| Email hidden; Javascript is required. |
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