June 5th 2015: International Housing Solutions has begun to approve investments as it continues to raise capital for its second fund (successfully closing about $180 million USD of capital to date). The first investment it has closed is Ravenswood. This is a rental development in the suburbs of Johannesburg South Africa. It has 188 units. The development will be managed and held for 4 years. The planned exit is to release limited numbers of units for sale over a 31 month period. Alternative exits may also present, such as the sale of a stabilized multifamily project or to an institutional buyer or a REIT.
For more information, please see here.