F&F has refined the acquisition process so that the investment opportunity has been reasonably de-risked prior to raising capital from investors. The process begins by leveraging our deep broker relationships to identify projects with a high probability of success, at which point we typically acquire the property without investors and assemble a thoughtful and comprehensive business plan. Once the project plan has been conceived and finalized, we obtain a construction lender LOI and only then go on to raise funds from investors.

F&F currently has an annual target range of approximately $50M in equity raises, although that is subject to change depending on the opportunities presented. F&F will not buy properties just to buy, and we will not raise capital unless we feel the investment opportunity will be a success for our investors. We typically have 2-3 equity raises annually and often group a few properties together in one raise to minimize the quantity of raises. When there are multiple properties in one raise, each investment not only stands on its own - they are each a separate entity. We take on projects with a 10-year investment pro-forma mindset; however, there are times when it makes sense to exit prior or to hold on to the property longer.