Ellavoz Neighborhood Homes Funds Overview
The Ellavoz model renovates and maintains properties to preserve their value and promote neighborhood improvement.
Our program provides for a variety of disposition options with the goal of homeownership by combining affordability with the ability to build intergenerational wealth, housing security, and sustainable communities.
The strategy includes a rental option that will rely on community and nonprofit partners to provide financial and homeownership counseling to help potential homebuyers achieve greater financial security including the possibility of homeownership.
Ellavoz Neighborhood Homes Fund I : What Makes it Unique?
Ellavoz employs a socially responsible, vertically integrated platform comprised of acquisition and development of single-family homes, construction management, asset management, and realty services with the capacity to manage over a wide range of residential real estate asset classes and partnership structures.
A proven track record and relevant experience in acquisition and management of over 5,000 SFR housing units.
10 years’ experience in building multi-level collaborations of high performing nonprofit organizations, public sector partners, and private sector stakeholders who understand safe, quality affordable housing is the foundation of thriving communities and increasing generational wealth.
Attraction of over $500 million in private equity, public sector investment, philanthropic funding, and debt resources to support the SFR platform.
Well-defined and developed acquisition strategies to acquire at scale single-family homes though a variety of channels including HUD, GSEs, financial institutions, MLS, and private sellers.
Best in class, low fee, transparent, direct impact investment asset platform that represents the Ellavoz shared values of financial and impact returns.
Ellavoz Neighborhood Homes Fund II
Business Purpose & Vision: The Fund’s mandate is to achieve above market returns while providing cost effective housing and new homeownership opportunities in select North and South Carolina markets experiencing a surge in housing demand due to demographic and employment growth.
Fund II Has Compelling Platform Advantages:
Deployed over $3 billion in affordable housing and community development projects.
Acquired, built/renovated nearly nearly 5,000 housing units with capitalization in excess of $1 billion.
Owned & managed over 800 rental units throughout the country, including the Southeast.
20+ years of real estate experience in the Carolinas.
Acquired and entitled on 500+ lots in the Carolinas.
Advantaged Sourcing:
Local market presence affording Fund opportunity to acquire off- market properties.
Access to single-family zoned lots at substantially below market value, typically a 20% to 30% discount.
Ability to purchase multifamily assets under different valuation framework creating substantial immediate upside.
Publicly Subsidized & Tax Advantaged Acquisitions:
• Relationships with state and local governments to attract subsidy resources that promote quality affordable housing opportunity and strong financial returns.
• Partnerships with local nonprofits to improve tenant experience, disposition strategies, and access to local real estate tax exemption laws.
The Fund has identified a number of other homeownership projects that can be acquired, built, and sold by the end of 2028. As underwritten, all these projected investments are expected to achieve a high teens (~18%) IRR. The current opportunities include:
• Ridgeland In-fill Lots – Ellavoz is partnering with McGuinn Homes, a regional builder, to acquire land at a discount to build and sell fourteen homes in the growing community of Ridgeland, SC. The area has become a strong destination for individuals working on Hilton Head Island and the Port of Savannah. Each home will be sold for approximately $315,000 making them very affordable for working households. This project is slated to begin construction in February 2026.
• Savannah MSA Homes – Ellavoz is again partnering with McGuinn Homes to acquire a site in South Carolina, within commuting distance of Savannah, SC, that should yield approximately fifty new single-family homes for working families. The land is being acquired off-market and at a deep discount. This rapidly appreciating market has made it difficult for emergency responders, teachers,and military members to find affordable homeownership opportunities in recent years. If secured, this project would begin construction in late 2026.
Ellavoz Neighborhood Homes Fund III
We have a novel capital asset philosophy to homeownership by relying primarily on a market-based approach that includes leveraging private capital, public sector investment, and debt resources to acquire single-family housing. This produces economies of scale, reduces transaction costs and time, and allows Ellavoz to rely less on public subsidy to create affordable homeownership opportunities.
Key Markers Across All Our Neighborhood Homes Funds
Fund II seeks to invest Co-General Partner equity in projects that create new workforce homeownership opportunities and utilize tax advantaged multifamily value-add acquisitions in select markets of North Carolina and South Carolina.
Real estate investing is speculative and involves a high degree of risk, including potential loss of principal, therefore investors must be Accredited investors who can understand the risk and accept the potential loss of their investment. Investors should read the full Private Placement Memorandum, Operating and Subscription Agreements and consult with their legal counsel and professional financial advisors before investing.
