C-Star successfully closed and fully deployed Fund I in June 2019 and aggregated a $5.6 million portfolio. It contains 36 assets located in 9 counties of Atlanta MSA with the first year Cash-On Cash of 8.0% and projected 3-year IRR of 24.2%.
In July 2019, C-Star launched Fund II and targets to raise $20 million USD of equity for investment in Atlanta and Triangle Charlotte MSA. Fund II has made meaningful progress on fund raising, acquisition, financing and asset management ever since inception in October 2019. By the end of March, SFR Fund II has raised $7.12 million on equity and has closed 11 acquisitions of single-family homes in Atlanta mero area.