Prior Investment Performance

Realized Multifamily Track Record

Realized results matter because they reflect the full investment cycle—not only acquisition assumptions or projected returns. The record below represents seven completed multifamily investments across separate investment entities in prior principal capacities.

The Laager Group presents prior realized performance to provide context on the experience of its principals. Historical results are not presented as a forecast of future outcomes, and the current Laager portfolio should be evaluated on its own merits.
The Record

Seven completed investments. Realized results.

The headline figures are the same realized metrics shown on the homepage, with additional context here on what those figures represent and how we think about performance through a complete investment cycle.

20.4%Weighted Average Realized Investor IRRInvestor-equity weighted across the seven realized investments.
1.67xAverage Realized Equity MultipleSimple average of the seven individual realized investment multiples.
7 of 7Positive Realized InvestmentsEvery completed investment in the realized set returned more than original investor capital.
$16.2MRealized Investor ProfitAggregate distributions and investor profit at sale, excluding return of original capital.
Across the realized portfolioEquity multiples ranged from 1.30x to 2.20x, including two investments that more than doubled investor capital.
The 20.4% IRR is investor-equity weighted; the 1.67x equity multiple is the simple average of the seven realized investment multiples. Past performance does not guarantee future results.
What the Record Represents

Experience measured through completion.

These are realized multifamily investments that progressed from acquisition through operations and eventual disposition. They provide evidence of experience across the stages that matter most: buying, financing, operating, adapting and exiting.

The realized record reflects investments completed by Laager principals across separate investment entities. The purpose of presenting it is to show relevant principal-level multifamily experience—not to suggest that every historical investment was owned by the current Laager entity.

We believe full-cycle outcomes are particularly useful because they incorporate actual operating performance, financing decisions and exit execution rather than relying only on modeled assumptions.

As with any historical record, these results should be considered alongside the facts, risks and underwriting of each new investment.

Selected Multifamily Investments

Experience across completed and current investments.

Seven completed Atlanta investments are shown alongside Villager Apartments, a current Laager investment, to provide visual context around the experience summarized on this page.

Full-Cycle Execution

Performance is more than the acquisition.

A realized outcome is the product of decisions made throughout the hold period. We evaluate track record through the entire investment lifecycle rather than treating the purchase itself as the finish line.

01 / Acquire

Basis matters

Purchase price and initial capitalization create the foundation for every decision that follows.

02 / Finance

Debt must endure

Financing structure, maturity and reserves influence both downside resilience and flexibility.

03 / Operate

Execution creates value

Occupancy, collections, expenses, leasing and capital projects determine whether the plan becomes reality.

04 / Adapt

Conditions change

Operating plans and capital decisions must respond when markets, rates or property conditions differ from expectations.

05 / Realize

Exit completes the record

Realized performance ultimately depends on converting operating progress into investor proceeds.

Investment Principles

What we believe supports durable outcomes.

Past performance is not a substitute for underwriting a new opportunity. But the principles used to evaluate and manage investments remain central to how we think about capital today.

Defensible Acquisition Basis

We prefer pricing supported by current operations, realistic comparable evidence and replacement economics rather than appreciation alone.

Current Operating Support

Existing revenue and achievable improvements should provide a credible foundation for debt service and property operations.

Financing That Can Survive

Interest rates, maturity, reserves and refinance assumptions are evaluated with an emphasis on avoiding structures that require perfect conditions.

Identifiable Value Creation

Upside should come from specific operating levers—occupancy, rents, collections, expenses or capital execution—not vague optimism.

Active Oversight

Property management is paired with direct asset-management attention to operating performance, capital planning and financing.

Exit Discipline

Value is not fully realized until the investment is refinanced or sold on terms that make sense for investors.

Investor Alignment

A focused sponsor with a boutique operating structure.

Large institutions offer scale. Our model emphasizes selectivity, direct principal involvement and clear accountability. Where appropriate, principals invest alongside investors, and sponsor economics are structured to keep attention focused on investment outcomes rather than transaction volume.

Principal InvolvementSenior decision-makers remain close to underwriting, financing and asset oversight.
Selective AcquisitionWe are not built around a requirement to deploy capital into every available opportunity.
Co-InvestmentWhere appropriate, sponsor capital participates alongside investor capital.
Clear AccountabilityA leaner decision structure keeps responsibility close to the people making the investment decisions.
Methodology & Context

How to read the numbers.

The 20.4% realized investor IRR is investor-equity weighted across the seven completed investments. The 1.67x realized equity multiple is the simple average of the seven individual realized investment multiples. Aggregate realized investor profit excludes the return of original investor capital.

The results shown reflect prior multifamily investments completed across separate investment entities and may include principal experience outside The Laager Group. They are provided to illustrate relevant historical experience. Past performance does not guarantee future results, and prospective investors should evaluate each offering independently based on its specific terms, risks, assumptions and offering materials.

Current Opportunities

Evaluate the next investment on its own merits.

Review current opportunities, underwriting, risks and deal-specific materials when an offering is available.

View Opportunities

Track Record Disclosure

Past performance is not indicative of future results. Historical results shown on this page include multifamily investments completed through separate investment entities by Laager principals and should not be interpreted as performance of every current or future Laager investment. No assurance can be given that any future investment will achieve similar results. Prospective investors should evaluate each offering independently based on its specific terms, risks, assumptions and offering materials.