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

150: Managed Projects Since 2000

97: Properties

12.5 M SF: Operating Portfolio

$5.7 B: Gross Asset Value²

$2.5 B: Net Asset Value²

Sample Assets in Our Portfolio

Legacy Village

Lyndhurst, OH

Sora – 1000 Spring

Atlanta, GA

300 Boylston

Chestnut Hill, MA

SDC Quincy

Quincy, WA

2929 Weslayan

Houston, TX

East Market – 1100 Ludlow

Philadelphia, PA

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

Uncategorized

01/17/2025

The Stacks Welcomes First Residents at The Byron

THE STACKS WELCOMES RESIDENTS AT THE BYRON, THE NEIGHBORHOOD’S FIRST RESIDENTIAL OFFERING Spanning 14 Stories with Expansive Waterfront Views, The Byron Brings 384 Modern Apartment Units to DC’s Buzzard Point WASHINGTON, D.C. — Akridge and National Real Estate Development (“National Development”) announce move-ins for The Byron, the first residential offering within The Stacks’ nearly […]

Data Centers

01/16/2025

Sabey Data Centers Announces New President

Tim Mirick assumes the role of President of Sabey Data Centers effective January 1, 2025 Sabey Data Centers, a premier designer, builder and operator of multi-tenant data centers, is pleased to announce a significant leadership transition. After eight years of dedicated service, Rob Rockwood stepped down from his role as President, effective December 31, 2024. Tim Mirick, who […]

Press Releases

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 management industry. National earned […]

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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 9/30/2024

National commenced operations on January 1, 2010. National’s key senior investment management personnel worked together at National’s predecessor firm, NEBF Real Estate, from 2000 through 2010. National was the result of a spin-out of an internal division of the NEBF, and all senior investment management, involved in real estate investments, transitioned from NEBF Real Estate to National.
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.