Target Return
11–14%
Annualized Net Return
Preferred Return
8%
Annual, Paid Quarterly
Minimum Investment
$100K
Accredited Investors Only
Equity Multiple
1.8–2.2x
Target at Exit
Capital Follows Growth. So Do We.
Population migration to the Sun Belt is a multi-decade demographic shift driven by powerful structural tailwinds.
63% of U.S. population growth is concentrated in Sun Belt metros (U.S. Census Bureau, 2024).
Expanding sectors including technology, healthcare, and logistics continue to fuel long-term job growth.
Favorable regulatory environments and no state income tax in Texas, Florida, and Tennessee.
Demand continues to outpace new housing supply across key Sun Belt submarkets.
We invest where structural growth is supported by jobs, migration, and long-term fundamentals.
Learn More about Shoora’s Strategy and ExecutionDue Diligence
Starts Here
$1B+
over team careers
$750M+
platform since 2018
8
history
0
investors
Investment Thesis
The Shoora Capital Core Real Estate Equity Fund seeks to generate superior risk-adjusted returns by deploying preferred equity and mezzanine debt across diversified commercial real estate assets in the Sun Belt. Targeting the underserved $10M–$50M middle market, the Fund partners with experienced portfolio developers — operators who build, own, and retain their assets — emphasizing disciplined underwriting, active asset stewardship, and consistent capital preservation.
Investment Strategy
- Geography: Sun Belt MSAs — Atlanta (primary), Charlotte, Nashville, Dallas, Tampa, Phoenix
- Operators: Portfolio developers who build, own, and retain assets; 5+ year track record; principal relationship with Shoora
- Instrument: Preferred equity and mezzanine debt positioned above common equity in the capital stack
- Deal size: Middle-market $10M–$50M — underserved by institutional capital; principal-led approach creates competitive advantage
- Leverage: Target asset-level LTV 55–70%; DSCR and Debt Yield underwriting applied transaction-by-transaction
Fund Structure
- Closed-end LP — 8% preferred return paid quarterly; 20% performance fee above hurdle
- Target net IRR 11–14%; target equity multiple 1.8–2.2x; minimum investment $100,000
- Maximum 25% of fund equity in any single asset; maximum 40% in any single MSA
- Cost segregation and bonus depreciation available — depreciation losses pass through to LPs via K-1
- Quarterly distributions from operating cash flow; additional distributions at capital events
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