CORE | OPEN-END

Real IncomePlus Fund, LP

An open-end private fund providing tax-efficient passive income and long-term appreciation through a stable, diversified portfolio of multifamily and industrial real estate.

By The Numbers¹

$100K

Minimum Investment

5%+

Target Net Annual Distribution

9-11%

Target Total Annual Return

20%+

Sponsor Co-Investment

Fund Assets

Stabilized Class B+ Multifamily

    • Population trends support ongoing demand

    • Supply constraints lead to stronger occupancy and predictable rent growth

    • A+ locations in suburban submarkets

    • Strong submarket fundamentals lead to strong asset appreciation

    • Readily accessible to employment, mass transit, retail and other community amenities

    • Rent levels that appeal to middle and upper-middle income households

    • B+ rents present resilient, sticky renter profile below Class A rents that provide downside protection in various economic scenarios

    • Larger renter pool to minimize vacancy

    • Renting provides attractive discount to homeownership costs

    • Lower maintenance and Capex

    • Leverage in-house management to maximize Net Operating Income

Stabilized industrial

    • Population trends support ongoing demand

    • Supply constraints lead to stronger occupancy and predictable rent growth

    • Proximity to transportation infrastructure: Easy access to major highways, railways, ports, and airports is crucial for efficient logistics and distribution

    • Strong submarket fundamentals lead to strong asset appreciation

    • Readily accessible to employment, mass transit, retail and other community amenities

    • Lower maintenance and Capex

    • Focus on NNN or absolute NNN leases that allow for more surety of cashflow to investors

    • Proactive CAM management with in-house Asset Management where relevant

    • Prudent underwriting of tenant financials

    • Identifiying opportunities that have below market rents

*Fund assets are in a select number of these states

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Fund Benefits

Distributable Income

Generate strong distributable income with long-term asset appreciation potential.

Diversified Portfolio

Provides access to a diversified, institutional-scale real estate portfolio.

Estate Planning

The Fund's perpetual term provides flexibility to investors with a long-term focus, preserving key estate planning objectives, including future tax advantaged strategies.

Tax Efficiency

Real estate may be contributed to the Fund on a tax-deferred basis, without recognizing an immediate tax impact. Investors may directly benefit from depreciation on Fund assets.

Sample Fund Properties

  • The Emery

    179,103 SF | 130 Units
    Moorhead, MN

    Completed January 2022

  • Latitude

    116,522 SF | 114 Units
    Grand Forks, ND

    Completed April 2016

  • Silverthorne Flats

    244,680 SF | 230 Units
    Sioux Falls, SD

    Completed February 2020

Frequently Asked Questions

  • Please reach out to our team by email or phone:

  • To invest in Enclave Funds, you must meet the SEC’s criteria of being an accredited investor. The minimum investment is $100,000.

  • Generally, an individual is an accredited investor if he or she meets one of the following criteria:

    • Has an individual net worth, or joint net worth with their spouse or spousal equivalent, that exceeds $1 million (excluding the value of your primary residence)

    • Has individual income exceeding $200,000 in each of the past two years and a reasonable expectation of satisfying this requirement in the current year

    • Have joint income with their spouse or spousal equivalent exceeding $300,000 in each of the past two years and a reasonable expectation of satisfying this requirement in the current year; or

    • Hold a general securities representative license (Series 7), investment adviser representative license (Series 65) or private securities offering representative license (Series 82).

    There are accreditation standards in addition to those listed above under which individuals or entities may qualify as accredited investors. 

    Questions regarding your personal status as an accredited investor may be directed to our Investor Relations team at invest@enclavecompanies.com

  • You will receive a K-1 form. Our goal is to finalize our K-1s by April 15 of each year, with distribution of documents to investors following this date.

  • You can access information on your investments 24/7 via our secure investor portal. In addition, you will receive regular updates through quarterly investor reports and investor meetings.

  • The Fund primarily focuses on:

    • Stabilized Multifamily properties in suburban submarkets in the Midwest & Mountain West

    • Stabilized Industrial Assets primarily in the Midwest & Mountain West

  • No, this is an open-end fund, which operates more like a REIT with regular redemption and liquidity opportunities vs. a closed-end fund where invested capital is locked up for the duration of the defined fund life.

  • A Fund is usually structured as a private partnership, allowing income and losses (including depreciation) to pass through directly to investors—offering potential tax advantages and the ability to offset other income. Investors receive detailed reporting via a Schedule K-1 and often benefit from more tailored investment strategies and active asset management. Funds also allow for more control over operations, distributions, and liquidity timing.

    A REIT is a corporation that must distribute at least 90% of its taxable income to avoid corporate-level taxes. Investors receive a 1099-DIV, but don’t benefit from depreciation or as much transparency.

  • Yes, we have DSTs that allow 1031 proceeds. For more information, please contact invest@enclavecompanies.com.

  • Yes, we accept properties and investors via 721 transactions. For more information, please contact invest@enclavecompanies.com.

  • Yes, we do. For more information, please contact invest@enclavecompanies.com.

Ready to Invest?

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¹ Summary of terms provided here to explain how the General Partner intends to construct the Fund. The performance of each investment owned by the Fund may vary from returns presented here. There can be no assurance that the Fund will achieve such returns or objectives. The ultimate returns realized by the Fund will depend on numerous factors, including the anticipated risk profile of the Fund, all of which are subject to uncertainty.