Core-Plus Fund

Core-Plus Fund


Stabilized assets with light value-add and modest leverage. A bridge between core income and value-add returns.

$0.529B
Committed Capital
17–22%
Net IRR Target
8 yr
Fund Term
Core-Plus
Strategy
Strategy

Investment thesis

UpManagement Core-Plus Fund invests in stabilized property management platforms with light value-add angles — targeted operational improvements, technology upgrades, or selective bolt-on acquisitions that lift margins without altering the underlying risk profile. Modest leverage amplifies steady returns while preserving the income character of the core exposure.

Terms

Fund architecture

VehicleDelaware Limited Partnership
Term8 years (+ two 1-year extensions)
Preferred return8% preferred return
Carried interest20% carried interest above preferred
WaterfallAmerican waterfall with GP clawback
Minimum LP$1,000,000
AuditorPricewaterhouseCoopers LLP
Legal counselLePore Law Group
Target assets

Where this fund concentrates

  • Stabilized platforms with margin-improvement opportunity
  • Technology-forward operational upgrades
  • Selective bolt-on acquisitions
  • Moderate leverage overlay on core assets
Operating discipline

The numbers we run to

Every managed property is held to weekly operating metrics. These are the disciplines that distinguish an institutional operator from a passive fee collector.

Reserve availability

Undrawn capital ready to deploy

Deployment discipline

Committee-approved use of reserve

Expansion velocity

Speed to close opportunistic deals

Portfolio benefit

Assets improved by reserve programs

Property management is the most undervalued operating layer in real estate. Run it like the business it is.
Alexandra Pohl, Founder and CEO

Speak with our investor relations team

For fund materials, capital account information, and partnership inquiries, reach UpManagement directly.

Contact Investor Relations