Phoenix Realty Group is a registered investment advisor that manages investment funds focused on multifamily properties. They raise and manage funds for the acquisition, development, operation, and sale of real estate. Phoenix Realty Group manages Value-Added Multifamily Funds and Low Income Housing Tax Credit Funds. These funds are typically structured as limited liability companies or limited partnerships.
Fee Structure
Phoenix Realty Group manages investment funds, primarily focused on real estate. The fees for managing these funds include management fees, asset management fees, developer fees, acquisition fees, construction management fees, and property management fees. These fees are charged to the funds, not directly to individual investors. The management fees generally range from 1% to 2% per year of the fund's capital commitments or capital contributions. Asset management fees range from 0.50% to 2.00% of the net revenues of the property or a fixed fee generally between $5,000 and $100,000 per property per year.