Cardone Equity Fund XI, LLC
Date Fund Closed: 4/16/2021
Targeted Cash Flow: 4% to 8%
distributions: Monthly
Targeted IRR*: 15%
Fund Size: $50M
Executive Summary
Cardone Equity Fund XI opened January 4th, 2021 for accredited investors who seek to capitalize on real estate investment opportunities created by the current economic conditions in America. This $50M fund has an opportunistic mission and is designed for the investor who focuses less attention on current yield and more on appreciation.
Total fund size is anticipated to be between $50M – $60M. The focus of the fund is on income-producing, multi-family property in high growth markets in the US but this does not exclude Mr. Cardone from considering other commercial properties, including office, retail or the likes.
Our immediate impetus is on Class A and B multi-family quality assets to add to our current portfolio and are in negotiations on properties at this time.
Minimum investment is $250,000 with a max of $10M by any one investor or investing entity and the hold time is the same as previous funds.
We are very excited about this fund and the opportunities that will reveal themselves as American recovers from being partially shutdown in 2020. We believe this will allow Mr. Cardone and team to find some great investment opportunities for Cardone Capital investors.
Documents
Cardone Equity Fund XI, LLC – Operating Agreement
Cardone Equity Fund XI, LLC – PPM
Cardone Equity Fund XI, LLC – Subscription Booklet
Cardone Equity Fund XI IM
Cardone Equity Fund XI, LLC – Wire Instructions