Stansberry Asset Management and Domicilium Launch Second Real Estate Fund
New fund seeks to capitalize on growth trends in Southeast markets
Fund II will seek to build upon the success of the SAM Domicilium Real Estate Fund I LP ("Fund I"), which launched in January of 2019 and raised over $50 million. Fund I has purchased over 450 properties, primarily single-family rental homes. These homes are located predominately in Charlotte, North Carolina and Charleston, South Carolina with a few select properties in Tampa, Florida.
Despite the economic strains brought on by the COVID-19 pandemic, vacancy rates have remained low and Fund I has continued to make uninterrupted quarterly distributions to investors. SAM is a strategic partner for Fund I and will serve in the same capacity for Fund II.
"The stock market is in a state of extreme uncertainty,"
Fund II anticipates that it will target off-market residential real estate transactions, primarily in the Charlotte and Charleston metro areas. Fund II may also look at opportunities in other Southeast markets including Raleigh, Jacksonville, Tampa, and Atlanta.
Micah Simon is the managing member of Domicilium Capital Partners LLC, which will serve as the investment manager of Fund II. Mr. Simon is based in Charlotte and his experience in real estate spans over two decades as a builder, developer and investor.
About Stansberry Asset Management, LLC
SAM is an investment adviser registered with the Securities and Exchange Commission that is dedicated to giving individual investors access to investments, portfolios, and risk management tools typically reserved for institutional investors.
This press release is not intended to be, nor should it be construed or used as, investment, tax, or financial advice or an offer to sell or a solicitation of an investment in any securities offered by or any project managed or advised by SAM, or its affiliates, including, but not limited to SAM Domicilium Real Estate Fund II LP. An arrangement exists under which SAM and Erez Kalir have an economic interest in Domicilium Capital Partners LLC and may benefit from attracting additional capital to SAM Domicilium Real Estate Fund II LP.