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

2010: Inception Date¹

148: Projects Delivered Since 2000

92: Properties

14.3 M SF: Operating Portfolio

$6.1 B: Gross Asset Value²

$2.7 B: Net Asset Value²

Sample Assets in Our Portfolio

East Market – The Ludlow

Philadelphia, PA

Grove Pointe

Jersey City, NJ

East Market

Philadelphia, PA

Journal Squared

Jersey City, NJ

Ellis Bethesda

Bethesda, MD

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

Data Centers

07/08/2026

Sabey Data Center Properties Welcomes Strategic Investment from Ares, Strengthening Platform for Continued Growth

Sabey Corporation (“Sabey”) and National Real Estate Advisors, LLC (“National”) today announced that Ares Secondaries funds (“Ares”) have made a minority equity investment in Sabey Data Center Properties, LLC (“SDCP”), an owner, developer, and operator of data centers across the United States. SDCP is a fully integrated data center platform jointly owned and governed by […]

Press Releases

06/15/2026

National Welcomes J.D. Sitton as Head of Investor Relations

National Real Estate Advisors, an investment manager that develops, operates, and manages commercial real estate and infrastructure projects across the United States, today announced that J.D. Sitton has joined the firm as managing director and head of investor relations. In this role, Sitton will lead National’s investor relations platform, including institutional client engagement, consultant relationships […]

Press Releases

06/11/2026

National Real Estate Advisors Expands Healthcare Platform with Acquisition of Two Medical Properties in Montana and Florida

Washington, D.C. (June 11, 2026) – National Real Estate Advisors, LLC (“National”), an investment manager developing, operating and managing a diversified portfolio of commercial real estate on behalf of institutional clients, announced the addition of two healthcare properties in Great Falls, Montana, and Winter Garden, Florida, to its portfolio. Great Falls, MT Winter Garden, FL The Great Falls property is a 244,520-square-foot […]

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As of 12/1/2025

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.