Latitude 38
Equity Fund LLC
United States
Powered by Astamar Asset Management, LLC
U.S.-Based Real Estate Investment Fund Focused on Multi-Family Asset Growth
Latitude 38 Equity Fund LLC is a U.S.-based private equity fund focused exclusively on acquiring and managing multi-family apartment communities ranging from 20 to 500+ units. Our strategy is simple yet powerful: generate stable cash-flow through long-term rentals, distribute dividends quarterly, and deliver strong capital appreciation through smart asset repositioning and eventual disposition.
Fund Strategy Overview
-
Asset Focus: Multi-family apartment buildings (20–500+ units)
-
Target Markets: High-growth, high-demand rental regions across the U.S.
-
Management Model: Third-party professional property management companies
-
Rental Type: Long-term leases for maximum stability
-
Exit Strategy: Hold assets for 5 to 8 years, then sell to realize capital appreciation
-
Investor Returns: Quarterly dividend distributions + equity upside at exit
Why Multi-Family?
Multi-family properties have proven to be one of the most recession-resilient and consistently appreciating asset classes in the U.S. Investors benefit from:
-
Stable Cash Flow: Predictable monthly rental income
-
Built-In Appreciation: Forced equity through renovation and operational efficiencies
-
High Demand: U.S. rental occupancy remains strong—currently 94%+ nationally
-
Rent Growth: Rents have increased over 20% nationally since 2020 and continue to rise in key metros
-
Inflation Hedge: Lease terms adjust annually, keeping pace with inflation
Long-Term Rental Performance Projections
Investment Ave Mo. Annualized Projected
Tier Cash Yield Dividend (5-8Yr Hold)
Core+Plus 5% 6-8% 11%-13%
Assets
Value-Add 6%-7% 8-10% 13%-16%
Assets
Dividends are distributed quarterly and begin 3–6 months post-acquisition stabilization.
Dividend Income for Investors
Our investors receive quarterly cash dividends, sourced from net operating income generated by the stabilized rental portfolio. These consistent distributions, combined with long-term equity gains, create a powerful dual-income strategy.
-
Quarterly Dividends: Deposited via direct ACH
-
Tax-Advantaged: Through depreciation and 1031-like exchanges at fund level
-
Compounding Options: Reinvest dividends for accelerated growth (optional)
U.S. Rental Market Fundamentals
-
Rent Surge: Median rent prices in the U.S. have grown 25%+ since 2020
-
Supply Shortage: The U.S. faces a housing deficit of over 3.8 million units
-
Urban Migration: Continued population growth in Sunbelt & Tier-2 cities drives multifamily demand
-
Millennial Renters: Over 60% of Millennials are still renting—boosting long-term tenant demand
Equity Growth = Exponential Wealth
Long-term real estate holds have outperformed equities in many cases due to:
-
Compounding Value Increases
-
Principal Paydown on Leveraged Assets
-
Tax Benefits Reducing Taxable Income
-
Strategic Value-Add Renovations
-
Market Appreciation in High-Growth Metros
By targeting multi-family properties in U.S. metros with high rental absorption, strong job growth, and low vacancy rates, Latitude 38 Equity Fund is positioned to deliver exponential wealth growth over time.
U.S. Rental Market Outlook: Resilient, Undersupplied, and Accelerating
The U.S. multi-family rental market continues to experience strong fundamentals driven by long-term demographic trends, structural housing shortages, and persistent inflationary pressures.
National Housing Shortage
-
The U.S. is currently short 3.8 million+ housing units according to Freddie Mac.
-
Supply chain issues, rising construction costs, and strict zoning regulations have slowed new development.
-
This imbalance between supply and demand pushes rents higher annually, especially in high-growth metropolitan areas.
Consistent Rent Growth
-
Rents in the U.S. have increased by over 25% since 2020, with markets like Phoenix, Austin, and Tampa experiencing spikes of 30–40%.
-
According to the National Multifamily Housing Council, rents are projected to rise 4%–6% annually through 2028 in key growth regions.
-
Unlike commercial leases, residential leases renew annually, allowing rental income to keep pace with inflation.
Real Estate Value Appreciation: Building Long-Term Wealth
Why Multi-Family Appreciates Faster
-
Rental properties are valued based on Net Operating Income (NOI). As rents rise, NOI increases—and so does the capitalized value of the property.
-
Renovation strategies (new flooring, kitchens, amenities) allow for rent bumps and cap rate compression, leading to forced appreciation.
-
Multi-family investments are institutionally favored, creating deep buyer pools and strong resale demand.
Example: Forced Appreciation Scenario
100-unit building | Rent Increase: $150/month per unit
-
Annual revenue increase = $180,000
-
At a 5% cap rate, this yields $3.6M in increased asset value
-
These “micro value-adds” are repeatable across multiple properties in the portfolio
Interest Rate Pressure = More Renters
-
As mortgage rates hover at 6.5%+, homeownership becomes unaffordable for millions.
-
This pricing-out effect traps buyers in the rental market, extending lease durations and boosting renewal rates.
-
Landlords gain pricing power in markets with tight vacancy rates (sub-5% in many metros).
Stability + Growth = Optimal Risk-Adjusted Returns
Multi-family real estate has outperformed most asset classes when factoring in:
-
Steady cash-flow from rents
-
Equity appreciation over 5–8 years
-
Favorable tax treatment (depreciation, 1031-like fund structures, long-term capital gains)
In uncertain economic cycles, multi-family serves as a hard asset hedge, providing a balance of income and appreciation that few investments can match.
Return of Capital + Gains
The investment philosophy of Latitude 38 Equity Fund is twofold:
-
Quarterly Dividends – Distributions begin as soon as properties are stabilized, providing passive income.
-
Equity Appreciation at Exit – Our 5–8 year hold strategy is designed to return investor capital plus gains via:
-
Asset sales to institutional buyers
-
1031 fund-to-fund rollovers (when available)
-
Strategic recapitalizations for liquidity events
-
Summary: Why Invest in Latitude 38
Benefit Description
Rent Growth Driven by demand,
undersupply, and inflation
Income Stability Predictable long-term lease
revenue
Equity Upside Through appreciation and
NOI expansion
Professional 5–8 year timeline to capture
Management full market cycle
Invest With Confidence
Latitude 38 Equity Fund LLC is part of the global ecosystem of real estate investment funds under Astamar Asset Management LLC, offering geographic diversification and institutional-grade management.
