Our funds
Your invesments are in safe hands
Current Funds
While our Funds primarily consist of pooled investment funds focusing on the Senior Housing Industry, IAA has also raised capital within Specific Project Funds to capitalize on local projects within the Triangle.
IAA Fund I, LP
IAA Fund I, LP $5,000,000
Fully Subscribed
We created our first pooled fund to provide mezzanine financing allowing for the acquisition of assisted living facilities that required updating and refurbishment. In partnership with ALG-Senior, that idea morphed into taking equity positions in those facilities. Starting with just over $4M in 2017/2018; the fund assets now exceed $10M and consist of equity interests in nine AL facilities in North Carolina and Georgia.
IAA Fund Il, LP
IAA Fund II, LP $10,000,000
Fully Subscribed
Our second pooled fund continues to build on our success in the Senior Housing market. With an initial goal of $10M, IAA raised over $12.5M and closed to new investors at the end of 2019. The portfolio consists of equity interests in eleven Senior Housing facilities throughout North Carolina, Georgia, and Alabama. Swansboro House, a newly constructed 80 bed AL facility North of Wilmington, and Tarboro a $5M+ update/remodel of an older facility are both anticipating opening in 2Q2021.
IAA Fund Ill, LP
IAA Fund III, LP $20,000,000
Fully Subscribed
IAA Fund III, LP completed fundraising at the end of 2021, taking advantage of the reduced pricing on existing facilities impacted by COVID-19. The fund exceeded its $20MM goal, and has acquired interest in 18 AL/MC/IL facilities in NC and SC
IAA OZ Funds
IAA OZ Funds $30,000,000
Fully Subscribed
Our Opportunity Zone Funds are now fully subscribed and are no longer open to new investors. With $30M raised, IAA OZ Fund I, II and III acquired land and CONs to build three Senior Housing Facilities: Kingswood Reserve, Bridges of Parkview and Stonecroft.
These three facilities will provide Assisted Living, Memory Care and Independent Living options for their respective communities. These buildings will provide top the line care for today and tomorrows seniors.
IAA Academy Park Fund, LP
IAA Academy Park Fund, LP $9,000,000
Fully Subscribed
Partnering with the Zahn, Stephenson, and Knier families; IAA Academy Park Fund I, LP is our only single-project based fund. The fund will have a 25% equity position in the Downtown Cary project known as The Walker.
The Walker is a new 153 luxury apartment community attached to the new Cary parking garage and overlooking the new National Award Winning Downtown Cary Park.
Construction of the Walker luxury apartments is completed and opened
August 2022.