after 1-year lockup
Quarterly Distribution
Development Fund III offers a unique investment opportunity in high-demand areas facing housing shortages. With a proven track record of over 750 homes and a target annual growth rate of 15%+, Fund III combines our expertise in residential development with strategic partnerships.
Designed for accredited investors, it offers quarterly income, capital appreciation, multiple share classes, and liquidity after a one-year lock-up period.
Fund III not only targets strong returns but also helps address the housing crisis by building much-needed homes.
Choose the right tier based on your investment goals:
- Minimum investment: $1 million
- Capital Call required (funding in stages as needed).
- Lowest management fee: 1.5%
- Earn the first 10% of returns before fees apply.
- 15% performance fee after the 10% hurdle rate.
- Minimum investment: $25,000
- Staged funding option for investments over $500,000 (funding in stages as required by the fund manager)
- Management fee: 1.75%
- Earn the first 8% of returns before fees apply
- Performance Fee:
- 15% on returns above the 8% hurdle rate for investments above $500,000.
- 20% on returns above the 8% hurdle rate for investments below $500,000.
Join a growing community of investors who are turning challenges into opportunities.
Now is the time to invest in real estate as the U.S. housing market is in crisis.
Years of underbuilding, rising interest rates, and sellers locked into low-rate mortgages have exacerbated the housing shortage. Leaving millions of Americans without a home.
With Fund III, you play a pivotal role in bringing new homes to life while enjoying strong returns.
Equity Investment
Construction Lending
Profits Distributed
When I established Carpathian Capital Management in 2012, I drew from lessons I had learned early in my career in consulting, investment banking and finance. I saw firsthand how, in times of crisis, people could find opportunities, meet market demands, and create lasting value.
I recognized such an opportunity as America began to recover from the 2008 financial crisis. After careful analysis, I chose to focus on residential real estate.
At Carpathian Capital, we create opportunities for investors, clients, and employees alike. We give investors access to exclusive real estate investments that are typically out of reach. We invest with best-in-class developers and homebuilders, helping them bring much-needed housing to America. For our employees, we provide meaningful projects to work on, with the freedom to innovate and grow.
What sets us apart is our personal approach. We operate with professionalism and an entrepreneurial spirit, free from corporate red tape, which allows us to be flexible, creative, and solution-oriented. We build strong relationships with our investors through direct communication and a hands-on approach to investment management.
I’ve personally built close relationships with nearly all our investors over the last 12 years, ensuring trust and open communication—key factors in our success, with most becoming repeat investors over many years.
As the housing shortage continues, we’ve leaned in by launching our unique third Development Fund, bringing together investors, developers, and homebuilders to create homes in high-growth areas while targeting attractive risk-adjusted returns. We believe that addressing the housing shortage offers both an investment opportunity and a way to build stronger communities.
My team and I look forward to discussing how our residential development strategy could contribute to building wealth as part of your investment portfolio.
Experienced team
Proven track-record
Community-focused projects
An accredited investor is someone who meets one of the following criteria:
- A net worth of at least $1 million, either alone or together with a spouse or spousal equivalent (excluding the value of the person's primary residence)
- Earned an income that exceeded $200,000 (or $300,000 together with a spouse or spousal equivalent) in each of the prior two years, and reasonably expects the same for the current year
- A Series 7, 65, or 82 license in good standing
You can invest in Development Fund III for as low as $25,000.
The fund targets a net Average Annual Growth (IRR) of 15% or more.
IRR is a measure of the profitability of an investment, expressed as an annualized percentage rate. It calculates the effective interest rate at which the initial investment grows over time, considering all the money invested and returned.
Investors can now opt in to receive income/distributions on a quarterly basis. If you choose not to receive quarterly distributions earnings, they will remain in the fund and compound (grow) over time.
Development Fund III provides investors semi-annual liquidity, with a 180-day notice after a one-year lock-up period. This is subject to a 5% Fund-level gate and available cash.
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