The Fund has focused its investment strategy in the New York metropolitan area since its inception in 2011. Within the New York metropolitan area, the Fund focuses on investing within undervalued neighbourhoods experiencing growth and gentrification, specifically in Brooklyn and Manhattan, New York and Hudson County, New Jersey.

Portfolio composition1, 2:

Area Number of properties Value (US$) % of portfolio (by value)
New York Premium 105 $314,576,728 50%
New Jersey Premium 64 $122,895,145 19%
New Jersey Workforce 290 $193,960,170 31%
Total (1-4 Family portfolio) 459 $631,432,043 100%

1. Portfolio composition as at 30 June 2023. Number of properties does not represent total number of units.

2. Excludes URF’s exposure to all large scale multi-family apartment complexes owned with Urban American.