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11/09/16
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Transwestern Investment Group has closed its TSP Value and Income Fund I, with total commitments of approximately $160 mil.
Lincoln Town Centre, Scottsdale, AZ |
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“Our guiding philosophy is to provide investors the least risky path to achieve value-add returns,” said Scott Fitzgerald, fund manager and executive managing director of TIG. “With approximately 85 percent of the capital invested to date, we are generating current cash-on-cash returns in excess of 9 percent with an expected gross internal rate of return of 16.5 percent.”
TSP Value and Income Fund I is a diversified, value-add fund that emphasizes income, disciplined risk management and proactive portfolio management. Based on market opportunities, the fund is principally invested in industrial and office assets in major and secondary markets with strong economic drivers, supply constraints and liquidity. The fund has acquired more than 3.6 msf of industrial assets in Chicago; Indianapolis; Columbus, Ohio; Louisville, Kentucky; and Austin, Texas; as well as over 900k sf of office assets in San Jose, California; Scottsdale, Arizona; and Atlanta.
TIG has approximately $3.1 billion of assets under management and provides investors with the benefits of investing with a true real estate operator versus a traditional capital allocator. Following on the success of Fund I, TIG plans to launch TSP Value and Income Fund II in early 2017.
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