Lone Star Value-Add Fund I

Lone Star Value-Add Fund I, L.P. (“Lone Star Value-Add Fund I”), formed in August 2019, held its final closing in August 2020 with approximately $759 million in capital commitments. Over its 30 month investment period, Lone Star Value-Add Fund I invested its equity capital in nine investments comprised of 27 assets with an aggregate purchase price of approximately $2.2 billion. Transactions consummated by Lone Star Value-Add Fund I included investments in value-add commercial real estate investments in developed markets of North America, Europe and Asia.

Lone Star Value-Add Fund I invested 59% of its equity capital in North America and 41% in Europe. Investments primarily consisted of value-add multifamily, student housing and office assets, which were acquired with a view to execute on value-add strategies.