Freedom Income & Growth Fund

Freedom Income & Growth Fund

Freedom Income & Growth Fund, LLC gives accredited investors access to a diversified portfolio of institutional-quality real estate across the United States. The Fund targets stabilized, income-producing assets with strong cash flow, value-add potential, and long-term appreciation. Our goal is to deliver steady income, attractive total returns, and downside protection through disciplined, data-driven investing.

Our strategy focuses primarily on Multifamily, Industrial/Flex, Mobile Home Parks, and Self-Storage, asset classes that have demonstrated resilience, consistent demand, and reliable performance across economic cycles. Up to 25% of the Fund’s capital may be allocated to opportunistic investments in Retail, Office, or Real Estate Debt to enhance diversification and returns.

The Fund targets a 15–16% net IRR to investors, supported by a 6% preferred return and an investor-first profit-sharing structure. Investors receive full return of capital and preferred returns before the manager participates in profits, ensuring alignment of interests.

In addition, the Fund Manager has pledged its own capital investment as collateral, providing an added layer of protection to further mitigate investor risk.

Learn more below about our strategy and the types of assets we invest in.

Why Invest in Real Estate?

Real estate remains one of the most proven and resilient asset classes for building long-term wealth. Key benefits include:

• Tangible Asset Class – backed by real properties with intrinsic value and utility.
• Income Generation – consistent cash flow through rental income.
• Capital Appreciation – potential for long-term growth in property values.
• Inflation Hedge – rents and property values tend to rise with inflation.
• Diversification – real estate values often move independently of stocks and bonds, reducing portfolio volatility.
• Tax Advantages – depreciation and other tax provisions allow for meaningful deferral and reduction, enhancing after-tax returns.
• Stability – historically less volatile than equities and other asset classes.
• Control & Value Creation – ability to enhance returns through active management and property improvements.

The Advantages of Investing Through a Fund

Here’s how investing through a professionally managed fund compares to other common approaches:

Freedom Income & Growth Fund	Direct Ownership in Real Estate	Investing in Public REITs
Diversified across multiple properties & sectors	Requires large capital outlay for a single property	Highly correlated with stock market volatility
Professional management & underwriting by experienced team	Full responsibility for tenants, management, and maintenance	Prices fluctuate daily with investor sentiment
Access to seasoned operators with proven track records (not available to individual investors)	Limited to local market exposure	Limited ability to influence operations
Focus on cash-flowing U.S. properties in growth markets	Concentrated risk in one asset	Limited cash flow focus, more market-driven
Lower volatility, private market stability, and long-term focus	Time-intensive and illiquid	Traded daily, but subject to market swings

Fund Investment Strategy

We target real estate investments in U.S. states with strong population and economic growth, healthy rental cash flow potential, landlord-friendly regulations, favorable tax environments, diversified employment bases, and resilient housing demand driven by migration and demographic trends.

We focus on U.S. states showing strong economic and demographic growth. The map below highlights our current and targeted markets.

We analyze dozens of potential opportunities annually and invest selectively in assets that demonstrate the strongest fundamentals. The following sectors represent our primary focus areas:

Multifamily: Long-Term Demographic Tailwinds

• Stable Demand – housing is a necessity, creating consistent tenant demand across economic cycles
• Cash Flow Generation – recurring rental income provides steady distributions to investors
• Scalability – one investment can provide dozens or hundreds of income-producing units under a single roof
• Risk Diversification – vacancy risk is spread across multiple tenants, reducing reliance on any single renter
• Value-Add Potential – renovations, operational improvements, and better management can enhance property value and income
• Inflation Hedge – rental rates often adjust upward with inflation, protecting investor purchasing power
• Favorable Financing – multifamily properties typically qualify for competitive, government-backed loan programs (e.g., Fannie Mae, Freddie Mac)
• Strong Demographic Tailwinds – urbanization, household formation, and long-term renter trends support demand

Together, these characteristics make multifamily one of the most resilient, income-generating asset classes across economic cycles.

Industrial & Flex: Logistics Backbone of the Economy

• Essential Infrastructure – supports critical functions like e-commerce, logistics, distribution, and manufacturing
• Strong Demand Drivers – growth of online retail, same-day delivery, and supply chain reshoring continue to fuel demand
• Stable, Long-Term Tenants – industrial users often sign multi-year leases, creating predictable cash flow
• Low Vacancy Rates – limited supply and strategic locations keep occupancy strong in many markets
• Flexible Use – properties can adapt to a variety of tenants (warehousing, light manufacturing, R&D, last-mile logistics)
• Lower Operating Costs – simple building structures often reduce maintenance and capital expenses compared to other asset types
• Inflation Protection – many leases include annual rent escalations tied to CPI or fixed increases
• Resilient Asset Class – proven performance through multiple market cycles as businesses prioritize operational space

Mobile Home Parks: Affordable Housing Advantage

• Affordable Housing Demand – increasing need for low-cost housing creates durable, recession-resistant demand
• Consistent Cash Flow – lot rents provide steady income, often with below-market turnover compared to apartments
• High Occupancy Stability – residents typically own their homes, making relocation costly and reducing vacancy risk
• Limited Supply – zoning restrictions and community opposition make new mobile home parks rare, preserving scarcity value
• Attractive Yield Potential – cap rates often higher than other real estate sectors, supporting strong cash-on-cash returns
• Low Capital Expenditure – owners maintain land and infrastructure, while residents maintain their own homes
• Inflation Hedge – lot rents can be adjusted upward annually at affordable increments without pricing out tenants
• Fragmented Market – many parks are still family-owned, providing opportunities for consolidation and professional management to unlock value

Self-Storage: Resilient, High-Margin Asset Class

• Recession-Resilient Demand – people use storage during life transitions (moving, downsizing, divorce, business needs) regardless of the economy
• Low Operating Costs – simple facilities with minimal staffing and maintenance requirements
• High Margin Business Model – strong NOI margins compared to other real estate asset classes
• Flexible Pricing Power – short-term leases allow for frequent rent adjustments, often monthly
• Fragmented Ownership – many mom-and-pop operators create acquisition opportunities for consolidation
• Sticky Customers – once tenants move in, inertia and hassle costs make them less likely to move out
• Inflation Hedge – frequent rent resets allow income to keep pace with rising costs
• Technology-Enabled Efficiency – online leasing, contactless access, and automation reduce overhead and enhance scalability

Other Opportunistic Investments

Up to 25% of Fund capital may be allocated to select opportunities beyond our core sectors when exceptional risk-adjusted returns are identified. These may include necessity-based retail, stabilized office, and fixed-income real-estate debt investments. Real estate debt can help smooth and strengthen cash flow, supporting consistent quarterly distributions while enhancing overall portfolio diversification.

Retail

• Selective focus on necessity-based and service-oriented centers (grocery, healthcare, daily needs)
• Stable tenant demand in well-located, high-traffic properties

Office

• Opportunistic investments in high-quality, well-leased buildings
• Focus on properties in strong employment hubs with diversified tenant bases

Fixed Income Real Estate Debt

• Income-focused investments in senior and mezzanine real estate loans
• Provides stable cash flow, downside protection, and portfolio diversification

Investor-First Profit Sharing Model

Our profit-sharing structure is designed to align the Manager’s success directly with that of our investors, ensuring that investors receive priority returns and capital recovery before the Manager participates in profits.

Financial Projection Summary

Investment Offering	Class A	Class B	Class C
Minimum Investment	$250,000	$100,000	$25,000
Investor Profit Share	90%	87.5%	85%
Preferred Return (Annualized)	6%	6%	6%
Equity Multiple	2.01x	1.97x	1.92x
Projected IRR (Annualized Return)	16%	15.5%	15%
Projected Cash-on-Cash Return	5-6%	5-6%	5-6%

• Preferred Return: Investors receive a 6% preferred return before the Manager participates in profits.
• Return of Capital First: 100% of investor capital is returned prior to Manager profit sharing.
• Manager Alignment:
  • Minimum co-investment of $300k (never less than 5% of total fund capital).
  • Manager investment pledged as collateral to offset any potential loss of investor principal, further mitigating investor risk.
• Fees: The only fee paid to the Manager is a 1.5% annual asset management fee. No acquisition, disposition, or other fees are charged—unlike many private real estate funds.

Investment Screening Process

Each opportunity passes through a rigorous multi-stage screening process designed to protect investor capital and ensure consistent performance.

Operators

• Partner only with seasoned, best-in-class operators
• Extensive vetting of track record, team, and alignment
• Require meaningful co-investment (“skin in the game”)

Properties

• Focus on stabilized, high-quality assets in growth markets
• Conservative underwriting and stress testing of assumptions
• Preference for prudent debt structures (fixed-rate, 60–70% LTV)

Deal Structure

• Investor-first terms with 6–10% preferred returns
• Profit splits structured to favor investors
• Strong governance protections and alignment of interests

Learn more about our detailed process on the Investment Selection Process page

Seasoned Investments

One of the unique advantages of the Freedom Income & Growth Fund is that new investors immediately benefit from a portfolio of seasoned, income-producing assets—some held and performing for up to three years. The Fund was initially seeded with the Managers’ and Founders’ own capital, used to acquire five high-quality multifamily properties. These assets demonstrate the type, quality, and performance standards the Fund targets and have provided a strong foundation for future investor participation.

Below is a summary of the current investments held by the Fund and the experienced operating partners managing them.

Current Holding: 324-Unit Multifamily in Corpus Christi, Texas

• Acquired by FCP Fund: July 2022
• Property Name: Retreat at Watermark
• Property Type: Multifamily
• Year Built: 2017
• Avg. Unit Size: 933 square feet
• Est IRR: 17.0%
• Preferred Return: 7%
• Est Hold: 5 Years
• Est Cash on Cash: 8.0%
• Est Equity Multiple: 2.0x
• Loan: 4.8% rate, 10-year fixed, 75% LTC
• Operator: Post Real Estate Group
• Key Strategies:
  • Convert half of the units to low-income restricted, which yields $1.0M+ in annual tax savings.
  • Invest $7,000 of renovations per unit in market-rate units to boost rental income and increase value.
  • Invest $3,000 per unit in exterior and common area enhancements.

Current Holding: 356-Unit Multifamily in Corpus Christi, Texas

• Acquired by FCP Fund: July 2022
• Property Name: Encore Crossing
• Property Type: Multifamily
• Year Built: 2010/2015
• Avg. Unit Size: 867 square feet
• Est IRR: 17.0%
• Preferred Return: 7%
• Est Hold: 5 Years
• Est Cash on Cash: 8.0%
• Est Equity Multiple: 2.0x
• Loan: 4.61% 10-year fixed rate, 75% LTC
• Operator: Post Real Estate Group
• Key Strategies:
  • Convert half of the units to low-income restricted, which yields $1.0M+ in annual tax savings.
  • Invest $9,000 of renovations per unit in market-rate units to boost rental income and increase value.
  • Invest $3,000 per unit in exterior and common area enhancements.

Current Holding: 624-Unit Multifamily in Katy, Texas

• Acquired by FCP Fund: June 2022
• Property Name: Commons at Hollyhock
• Property Type: Multifamily
• Year Built: 2015
• Avg. Unit Size: 957 square feet
• Est IRR: 15.3%
• Preferred Return: 7%
• Est Hold: 5 Years
• Est Cash on Cash: 7.5%
• Est Equity Multiple: 2.3x
• Loan: 4.25% 10-year fixed rate, 78% LTC
• Operator: Post Real Estate Group
• Key Strategies:
  • Convert half of the units to low-income restricted, which yields $1.75M+ in annual tax savings.
  • Invest $5,000 of renovations per unit in market-rate units to boost rental income and increase value.
  • Invest $1,000 per unit in exterior and common area enhancements.

Current Holding: 260-Unit Multifamily in Katy, Texas

• Acquired by FCP Fund: June 2022
• Property Name: Olympus at Katy Ranch
• Property Type: Multifamily
• Year Built: 2013
• Avg. Unit Size: 1,055 square feet
• Est IRR: 15.3%
• Preferred Return: 7%
• Est Hold: 5 Years
• Est Cash on Cash: 7.5%
• Est Equity Multiple: 2.3x
• Loan: 4.25% 10-year fixed rate, 78% LTC
• Operator: Post Real Estate Group
• Key Strategies:
  • Convert half of the units to low-income restricted, which yields $750k in annual tax savings.
  • Invest $4,000 of renovations per unit in market-rate units to boost rental income and increase value.
  • Invest $2,000 per unit in exterior and common area enhancements.

Current Holding: 120-Unit Multifamily in Boston, MA

• Acquired by FCP Fund: February 2023
• Property Name: Tatnuck Square
• Property Type: Multifamily
• Year Built: 1972
• Avg. Unit Size: 941 square feet
• Est IRR: 20.0%
• Preferred Return: 10%
• Est Hold: 4 Years
• Est Cash on Cash: 6.5%
• Est Equity Multiple: 2.0x
• Loan: 4.5% 5-year fixed rate, 65% LTC
• Operator: Arrowpoint Properties
• Key Strategies:
  • Invest $8,333 of renovations per unit in unit upgrades and exterior and common area enhancements.

Current Holding: 78-Unit Multifamily in Phoenix, Arizona

• Acquired by FCP Fund: August 2025
• Property Name: Venture on Maryland
• Property Type: Multifamily
• Year Built: 1967
• Avg. Unit Size: 530 square feet
• Est IRR: 20.0%
• Preferred Return: 6%
• Est Hold: 3 Years
• Est Cash on Cash: 2.5% (Years 2 & 3)
• Est Equity Multiple: 1.74x
• Loan: 8% 3-year fixed rate, 73% LTC
• Operator: Neighborhood Ventures
• Key Strategies:
  • Invest $25,600 of renovations per unit in unit upgrades and exterior and common area enhancements.

Our Operating Partners

Freedom Capital Partners works with a select group of experienced operating partners who specialize in sourcing, acquiring, and managing institutional-quality real estate assets. The operators listed below represent our current partnerships for the Fund’s existing investments. As the Fund continues to grow and acquire additional assets, we will strategically expand our network of operating partners to include other top-performing firms with proven track records in their respective markets and asset classes.

Operating Partner: Post Real Estate Group

• Established in 2007, Post Real Estate Group, Inc. (“Post”) is an opportunistic private investment firm dedicated to responsibly investing in real estate, with an emphasis in the multifamily sector and a specialty in affordable housing.
• Post has acquired in excess of $3.5 billion of properties encompassing more than 33,000 units across 15 states and over 50 cities.
• Headquartered in Los Angeles, CA, Post also maintains satellite operations in Dallas, TX.
• Post specializes in the creation and execution of complex affordable housing transactions, enabling the firm to extract outsized risk-adjusted returns with an emphasis on downside-protected structures, resulting in the creation of value at the onset of a transaction rather than through traditional value-add investing.
• Post has executed over 87 different affordable housing transactions encompassing over 18,000 units across eight states in conjunction with numerous non-profit organizations and city and state agencies.

Post Real Estate Group Track Record:

Operating Partner: Arrowpoint Properties

• Since 2003, Arrowpoint’s principals have been acquiring, renovating, and managing multi-family properties in the Greater Boston and Southern New Hampshire markets.
• With a combined 50 years of real estate and investing experience, Arrowpoint’s principals have extensive experience in construction, property repositioning, property management, debt financing, and capital management.
• Arrowpoint Properties targets value-add, distressed, and core plus apartment communities located in desirable, suburban markets throughout New England.
• To date, Arrowpoint has acquired hundreds of rental income units across thirty-one properties, several of which have been sold, producing an average investor IRR of 30.8%.

Operating Partner: Neighborhood Ventures

• Since 2017, have acquired 22 multifamily properties in Arizona
• 8 successful exits; 33% average realized Return on Equity
• Phoenix-focused, with deep local expertise
• Vertically integrated with in-house property management and construction team
• Jamison Manwaring previously worked for Goldman Sachs overseeing IPOs and served at Lifelock as an executive VP prior to co-founding NV
• John Kobierowski, co-founder, had personally closed on 1,400+ multifamily transactions as commercial broker, owned and operated 1,000+ apartment units and developed 800+ condos prior to co-founding NV

Through these strategic partnerships, Freedom Capital Partners gains access to off-market opportunities and the operational expertise of leading real estate specialists.

Interested to Take the Next Step?

Ready to learn more? Visit our Getting Started page or access our Investor Portal to review the Fund’s official offering documents.

This opportunity is open only to accredited investors, in compliance with SEC Rule 506(c). See our Glossary page for the definition of “accredited investor.”

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Disclaimer

The information provided on this page is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any such offering will be made only through the Fund’s official offering documents. Past performance is not indicative of future results.