ICG’s 4th annual Investor Holiday Party will be held in ICG’s Seattle office on the evening of December 7th. For more information please call Nicole at 206-838-2424.
ICG closed the fifth and final project in the ICG Apartment Fund 2017 LLC. ICG raised $42 million in investor equity to purchase 1,050 apartment units for a collective purchase price of over $113 million in the 2017 Fund. The projects included two apartment projects in Salt Lake City, one in Dallas, one in Austin and one in Reno.
ICG’s lunch series concluded with six events held at Daniel’s Broiler, South Lake Union, Seattle. Each event included ICG Principals and staff as well as 12-16 investors and spouses in a round-table format. ICG discussed existing and sold projects as well as new acquisitions. Participants engaged in free-flowing discussions on current events and market conditions, with ICG as well as investors of diverse backgrounds giving their perspectives. Keep an eye out for the 2018 lunch series.
ICG raises $7 million in investor equity for Constitution Square Apartments ICG LLC.
Mayflower ICG LLC was refinanced allowing ICG to return to investors 100% of their original capital and nearly double the investor cash flow going forward to an approximately 13% cash on cash return on their original capital. Investors will receive strong cash flow with no capital remaining in the deal.
ICG raises $24.5 million in investor equity for ICG Apartment Fund 2016 LLC.
ICG Apartment Portfolio V LLC is sold for a 26.75% annual return over eight years.
The final project in ICG Apartment Portfolio I LLC was sold netting investors a 27.5% IRR over nine years.
ICG raises $9.5 million in investor equity for ICG Apartment Portfolio 10 LLC.
ICG raises $14.8 million in investor equity for ICG Apartment Portfolio 9 LLC.
ICG raises $18.7 million in investor equity for ICG Apartment Fund 2014 LLC.
ICG raises $9 million in investor equity for River Park ICG LLC.
Falcon Valley Apartments NW LLC (name later changed to Monterra) was sold netting investors 21.5% annual returns for nine years of ownership.
ICG raises $12 Million in investor equity for ICG Apartment Portfolio VIII LLC.
ICG raises $5 million in investor equity for Tuscany at Lakepointe ICG LLC.
ICG raises $13.8 Million in investor equity for ICG Apartment Portfolio VII LLC.
The Crossings Apartments NW LLC was sold netting investors a 23.6% annual return over nine years of ownership.
ICG raises $9 Million in investor equity for ICG Apartment Portfolio VI LLC.