INDURE Fund

Multifaceted Portfolio:

We invest in diverse sectors, including multifamily, data centers, medical buildings, office, and healthcare

Geographical Diversification:

We invest in projects spanning the U.S.

Development Focus:

We seek to create value through constructing and enhancing real estate

State-of-the-Art Assets:

We incorporate contemporary technology, design, amenities, functionality, and sustainability

Job Creation:

We create construction jobs as a positive outcome of our development projects

Real Estate Investment Fund:

We offer a commingled, open-end structure for institutional investors

Growth Sector:

We provide exposure to a significant data center portfolio through our National Data Center Fund

2010: Inception Date¹

152 M: Labor Hours Generated²

99: Properties

12.5 M SF: Operating Portfolio

$5.6 B: Gross Asset Value³

$2.5 B: Net Asset Value³

Sample Assets in Our Portfolio

10 Brookline

Brookline, MA

SDC Ashburn

Ashburn, VA

Past

Jefferson Honickman Center

Philadelphia, PA

Journal Squared

Jersey City, NJ

Stephen Girard Building

Philadelphia, PA

2929 Weslayan

Houston, TX

Project Spotlight

Journal Squared in Jersey City, NJ, is a 2.4-million-square-foot mixed-use development adjacent to the Journal Square PATH transportation station, a hub to Manhattan, NY. It consists of three towers with 1,843 rental apartments and ground-floor retail.

News & Insights

Culture

12/09/2024

National Real Estate Advisors Wins Pensions & Investments Best Places to Work for the 10th Year

Washington, DC ─ For the tenth year, National Real Estate Advisors, LLC (“National”) has been named one of the “Best Places to Work in Money Management” by Pensions & Investments. The global news source of money management, Pensions & Investment’s annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money […]

National Insights

12/03/2024

Economic Insights: A Tale of Three Real Estate Recessions

The current real estate downturn is beginning to show signs of hitting bottom. The initial decline in values began in late 2022 as long-term interest rates, closing in on four percent, pushed up cap rates across the sector, made debt more expensive and forced office owners to confront their real values in the post […]

Press Releases

11/05/2024

Journal Squared Culminates with Third and Final Tower, Capping a Decade of Transformation in Jersey City

KRE Group and National Real Estate Advisors’ $900 Million, 2.3 Million-Square-Foot Project Catalyzes Journal Square’s Rise as Jersey City’s Thriving Urban Core. Jersey City Mayor Steven Fulop and fellow municipal officials joined principals of KRE Group and National Real Estate Advisors on Tuesday, October 29th, to celebrate the completion of the game-changing Journal Squared development. […]

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Meet The Team

Kevin Verdi

Chief Investment Officer

Washington, D.C.

Thomas (TJ) Hofheimer

Managing Director, Portfolio and Asset Management

Washington, D.C.

Michael Fenner

Senior Director, Portfolio and Asset Management for INDURE

Washington, D.C.

Michelle Johnstone

Managing Director, Investor Relations and Marketing

Washington, D.C.

Dennis Meaney

Director, Investor Relations – Electrical Industry Liaison

Washington, D.C.

Nicole Roman

Director, Investor Relations

Washington, D.C.

As of 6/30/2024

National commenced operations on January 1, 2010. National was the result of a spin-out of an internal division of the NEBF. Substantially all personnel, including senior real estate investment management personnel, involved in real estate investments, transitioned to National from NEBF Real Estate, where they had worked together from 2000 through 2010.
Labor hour figures produced externally by Pinnacle Economics and are as of 12/31/2023. Pinnacle Economics uses an input-output model contained in the IMPLAN economic impact modeling software to calculate the economic impact of National’s clients’ projects based on detailed expenditure data provided by National. The total labor hours reported here includes only work performed on the construction sites. The analysis includes all projects that National has participated in plus three additional projects that occurred on sites adjacent to National’s clients’ projects that were formally owned by National clients. National believes these additional projects would not have occurred but for National’s clients’ activity. The current model includes investments from 2000-2023. More information can be provided upon request.
INDURE’s assets under management reflected above represent the aggregate Gross Asset Values and Net Asset Values, respectively, in each case calculated as set forth below:
- Property-Level Gross Asset Value (“GAV”) is based on property-level unleveraged values for real estate investments. The reported GAV is based on the “as is” value (including properties in development) per the most recent property appraisal and includes working capital and other adjustments such as lender and capital reserves and construction costs spent. However, the GAV for debt (senior and subordinate loans) investments is reported as the fair value of the loan, as opposed to the fair value of the underlying collateral (property). The GAV (Pro Rata) at Market is the ownership % interest of the Property-Level GAV.
  - Fund’s Share Property-Level GAV: The Fund’s share of GAV is reported at the Fund’s economic interest in the investment, which takes into consideration any applicable preferred returns and/or promoted interests, per the partnership operating agreements (if not wholly owned)
  - Fund-level GAV: Fund-Level GAV represents the Fund’s economic interest in real estate investments, cash, cash equivalents, and other Fund assets as defined by National. More information can be provided upon request.
- Net Asset Value (“NAV”): Net assets under management are calculated using the Fund’s Share Property-Level NAV of investments, plus cash and other assets and liabilities. The calculation is explained further below:
  - Property-Level NAV for Equity Investments: For equity investments, the Property- Level NAV equals the Property-Level GAV less marked-to-market debt.
  - Property-Level NAV for Debt Investments: The NAV for mezzanine and debt (senior and subordinate loans) investments is reported as the fair value of the loan.
  - Fund’s Share Property-Level NAV: The Fund’s share of NAV is reported at the Fund’s economic interest in the investment, which takes into consideration any applicable preferred returns and/or promoted interests, per the partnership operating agreements (if not wholly owned).
This is not an offering or the solicitation of an offer to purchase an interest in INDURE Build-to-Core Fund, LLC (“INDURE”). Any such offer or solicitation will be made only by means of a final offering memorandum and only in those jurisdictions where permitted by law. Investment in INDURE is available only to accredited investors, as such term is defined in rule 501(a) under the securities act of 1933, as amended.