Unified Real Estate Fund 1, LP

Investment Locations
As of

10
Rentable Assets
As of

2,100+
Fund Size
As of

$94,000,000
Fund Activity
As of

$1,220,000,000
Overview
Fund Projects
Portfolio
Documents

Overview

URE - Fund I has acquired 10 land assets located exclusively in the state of Utah. These assets are primarily multi-family Townhomes, and apartments in Springville, Saratoga Springs, Cedar City and St. George, Utah. Swiss Haven Homes in Midway represents a hospitality investment which utilizes the Zermatt Resort amenities and resides about 30 minutes from the Park City and Deer Valley Ski Resorts.

Lehi Medical consists of two 36,000 sq. ft. Class “A” office towers adjacent to the largest pediatric hospital in Utah which is currently under construction. Our building has signed leases with the largest Pediatric and ENT groups in the state of Utah. URE – Fund I seeks to leverage certain key assets to deliver best in class returns on invested capital versus any other U.S. private equity real estate fund. The target IRR and MOIC are 40 and 5 respectively.
Executive Summary
Unified Business Alliance and Unified Real Estate had the opportunity to develop several projects across Utah. Our exclusive properties make up more than 1,750 units of medium to high density achieving broad spectrum product mix and includes more than 200,000 square feet of commercial assets.
Rental Market Opportunity
Massive Market
Strong Demand Drivers
Limited New Supply
Resilient Market Fundamentals
Fund Projects
The Gallery
Lehi Medical
Rilisante Villas
Swiss Haven Homes
Rosalia Ridge
Allora Court
Ascesa Village
Rider's Station
Lakeside Landing
Rockville Apartments
82 Units / 18K Com
72K Com
206 Units
22 Units
47 Units
412 Units
184 Units
112 Units / 88K Com
644 Units / 120K Com
72 Units
Springville, Utah County, Utah
Lehi, Utah County, Utah
Saint George, Washington County, Utah
Midway, Wasatch County, Utah
St. George, Washington County, Utah
St. George, Washington County, Utah
St. George, Washington County, Utah
Saratoga Springs, Utah County, Utah
Springville, Utah County, Utah
Cedar City, Iron County, Utah
Information
1. A 20 year plus career in the Utah construction industry by its CEO, Ed Axley.

2. Land development capability to discover and entitle land for commercial usage. This step up in value is transferred to LP partners on a cost basis. This significantly augments and immediately impacts fund returns.

3. Vertical integration of the aggregate company UBA, LLC allows internal control of the construction process versus relying on an outsourced construction partner who may have numerous competing priorities. Simply stated, completing the project on budget, on time with the best workmanship and fewest obstacles becomes a key market advantage. Cost control and delivery deadlines enable structural advantages to further augment returns not seen with more institutional players.

4. Utah: Being singularly focused on the fastest growing per capita market in the country places the fund in the most fertile ground to outperform the real estate market. Utah enjoys numerous demographic and logistical advantages of any state in addition to significant in-migration. Utah has a positive net birth rate now unique in the U.S. It has a booming entrepreneurial technology base with a highly skilled and young workforce.

5. Diversification of product types: Although the fund targets high density multifamily projects it is balanced with a high yield hospitality project and high demand medical office space project. Furthermore, the fund projects are located in fast growing but geographically separated areas of Utah. This enables not only diversifying product types but also geographic diversity. Construction crew and trades can be deployed on varying projects on a timetable to maximally benefit URE – Fund I projects.
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