Northeast Core · Proposed / screening only
Tegra Eastern Pennsylvania Flexible Living Fund I
Logistics, healthcare, workforce
21
Target properties
1,260
Planning units
$63M
All-in capital
$44.1M
Senior debt · 70%
$18.9M
Preferred equity · 30%
Strategic allocation only. No individual properties, committed financing, launch date or verified demographic study are supplied for this fund.
Eastern Pennsylvania
Logistics, healthcare, workforce. Validate local demand, property availability, asking prices, household income, competition, zoning and property-level NOI before allocating capital.
Smaller 2–5-property operating clusters; grouping and shared staffing remain subject to travel-time validation. Kiteville is the initial, non-exclusive operating partner.
Illustrative economics
- All-in property budget
- $3M planning average
- Rooms per property
- 60 planning average
- Preferred annual target
- 12% cumulative, not guaranteed
- Annual management fee
- 1.5% illustrative; basis to be defined
- Hold period
- 3–5 years illustrative; no guaranteed liquidity
Financing is subject to lender underwriting, cash flow, reserves and sponsor-equity requirements. Fees can reduce investor returns; do not infer net yield by subtracting rates with different bases. Governing documents control; capital is at risk.
Acquisition screening
- Asset profile
- Underperforming motel or limited-service hotel; generally 40–120 rooms, one or two stories; exterior corridors preferred.
- Acquisition basis
- Below $35,000 per room before renovation; approximately $3M all-in per property is a planning average.
- Local catchment
- Approximately 25,000–150,000 population in the trade area, not the full metropolitan population.
- Demand anchors
- Healthcare, logistics, manufacturing, education, military, government, workforce and extended stays.
- Condition & conversion
- Structurally sound assets with functional utilities, roof and HVAC. Validate zoning, fire/life safety, ADA, parking, kitchens and tenancy rules.
- Operating clusters
- Smaller 2–5-property clusters, subject to travel-time, shared staffing and local operating feasibility.