RiverOak Realty Funds were
formed by RiverOak Investment
Corp., LLC (the "Managing
Member") to provide high
net-worth individuals,
foundations, pension
funds, Individual Retirement
Accounts, self-directed 401-Ks,
and endowments access to
professionally managed real
estate investments.
Stephen DeNardo and
George
Yerrall are the Operating
Principals of the Managing
Member who manage all
aspects of the Fund's business.
The Operating Principals have
extensive experience in all
phases of real estate investment
sourcing, acquisition,
management and financing.
The Funds focus on
single family residential, multi-family residential,
hotels, office
and retail properties on the Eastern
Seaboard (the "Investment
Territory"). Other
than Asset Management fees,
there are no other management
fees, organization fees,
acquisition fees, disposition
fees, placement fees or any
other fees that are charged to
the investors by the Managing
Member or its affiliates. The
total remuneration for the
Operating Principals has been
derived from their salaries,
which are subject to Advisory
Board review, and their share of
proceeds from the Fund's
business. Any fees earned from
the operation of the Fund's
business have been included in the
revenue of that Fund.
The Company's strategy has
been
to invest in niche opportunities
in the Investment Territory in:
Distressed assets with
compelling value-added
opportunities;
Unique assets with strong
upside potential;
Properties in good
locations with existing cash
flow; and
Real estate related
operating and service
companies.
The Funds have taken a balanced
approach to maximizing
risk-adjusted returns and
long-term capital appreciation.
The average holding time for
investment assets has ranged
from 3-5 years.
The Funds have invested primarily
in (1) smaller properties (less
than $25 million) and (2)
complex situations requiring
significant asset management
experience where operating
results and cash flow can be
improved. The market for these
assets is relatively inefficient
and is hard to access for
private investors. The Operating
Principals, however, have
extensive experience with this
market.
