DRU successfully closed Opportunity Fund I in November 2013 and exceeded investor expectations by delivering returns in the high teens over its 36 month term. DRU continues to invest in single family, value add opportunities through Opportunity Fund II. Fund II was formed to pursue, in accordance with the market, more expensive properties requiring greater capital expenditures and providing higher absolute dollar returns per investment. Fund II is presently slated to close in December of 2016.
The DRU Income Fund was launched in December 2012, and Income Fund II was launched in December 2013. Both continue to acquire multi-family income property throughout the United States. Our principle focus remains value-add opportunities in, among other markets, California, Texas and Oregon.
DRU intends to launch its Debt Fund during Q1 2016 to capitalize on its experience and relationships within the investment silos within the residential real estate sector. The Fifty Million Dollar ($50,000,000.00) Debt Fund will focus on single family and multi-family investment operators we understand and respect.