Kendu-Bay Multifamily Fund
Transforming Communities. Delivering Returns.
Investing In High-Growth Southeast & Southwest Markets: Dallas, Orlando, Phoenix & Atlanta
8%
Average Annual Cash Flow
14%
Target IRR
1.8x
Equity Multiple
5 years
Lockout Period
Quarterly
Distribution Frequency
The Current Opportunity
The housing market is shifting — and so is investor strategy
- Rising mortgage rates and home prices are locking out first-time buyers.
- Housing shortages in SFR and multifamily units are pushing renters into Class B and value-add communities.
- Millennials and boomers are driving long-term rental demand.
- Investors need yield and stability in an uncertain economic landscape.
Dallas, Orlando, Phoenix, and Atlanta are positioned at the epicenter of this rental demand surge — with rapid job creation, strong migration, and multifamily fundamentals that support long-term growth.
Our Solution
We acquire and reposition underperforming multifamily assets in Dallas, Orlando, Phoenix, and Atlanta. — four of the fastest-growing and most resilient U.S. markets.
Buy Right
Acquire off-market or distressed deals at a discount
Reposition
Execute value-add upgrades and operational improvements
Deliver
Cash flow + upside appreciation
Defer
Tax benefits via cost segregation and bonus depreciation
COMMUNITY INVOLVEMENT
A commitment to positively impacting the communities in which the company operates.
GROWTH
A focus on continuously expanding the company's portfolio and capabilities.
Buy Right
Acquire off-market or distressed deals at a discount
Reposition
Execute value-add upgrades and operational improvements
Deliver
Cash flow + upside appreciation
Defer
Tax benefits via cost segregation and bonus depreciation
INVESTMENT FOCUS
Target Properties
Multifamily assets with 150+ units, built in 1990 or later
Geographic Focus
Southeast and Southwest U.S., emphasizing landlord-friendly states and high-growth metros
Key Markets
Areas with population growth, strong employment opportunities, and diversified industries
Market Insights: Dallas-Fort Worth (DFW)
- Population Growth: DFW added 152,598 residents between 2022 and 2023, the most of any U.S. metro area.
- Job Market: Added 75,400 jobs over the 12 months ending April 2024, a 1.8% annual growth rate.
- Vacancy Rates: Vacancy rates increased to 9.75% in Q4 2024, up 175 basis points year-over-year.
- Rent Trends: Average effective rents reached $1,467 per unit, reflecting a slight decrease throughout 2024.
- Market Outlook: Despite a slight decline in average monthly rent from $1,526 in Q4 2023 to $1,515 in Q1 2024, the rental outlook for Dallas-Fort Worth anticipates a recovery, with rents expected to increase slightly above 1% by the end of 2024 and near 3% by 2025.
Market Insights: Orlando, FLorida
- Population Growth: The Orlando MSA added approximately 76,000 new residents between July 1, 2023, and July 1, 2024, becoming the 20th most populous MSA in the country.
- Job Market : Nonfarm payrolls increased by 32,800 jobs, or 2.3%, during the 12 months ending June 2024.
- Vacancy Rates : The vacancy rate stood at 7.8% in Q3 2024, indicating potential for improvement.
- Rent Trends : Year-over-year rent growth in the Orlando market declined by 1.9% in Q2 2024 but is anticipated to return to positive growth by the end of 2024, potentially achieving a rate of 1% to 2%.
- Market Outlook : Orlando's modest rent growth and vacancy changes reflect steady demand influenced by a robust job market, particularly in tourism and professional services.
Market Insights: Phoenix, Arizona
- Population Growth: Phoenix added approximately 110,000 residents between 2022 and 2023, ranking among the fastest-growing U.S. metro areas.
- Job Market : The metro area added 60,000 new jobs over the 12 months ending April 2024, a 2.1% annual growth rate, led by technology and healthcare sectors.
- Vacancy Rates : Multifamily vacancy rates remained low at 5.2% in Q4 2024, stable year-over-year reflecting strong demand.
- Rent Trends : Average effective rents increased to $1,390 per unit in Q4 2024, up 3.5% from the previous year.
- Market Outlook : With ongoing inbound migration and economic diversification, Phoenix rents are forecasted to grow by 4% in 2025, supported by limited new supply and strong tenant demand.
Market Insights: Atlanta, georgia
- Population Growth: Atlanta added 85,000 residents from 2022 to 2023, maintaining steady growth fueled by business relocation and urbanization.
- Job Market: The region gained 50,000 jobs over the past year, reflecting a 1.7% annual increase, particularly in logistics and fintech industries.
- Vacancy Rates: Vacancy rates held steady at 6.3% in Q4 2024, a slight improvement compared to 6.5% in Q4 2023.
- Rent Trends: Average rents reached $1,280 per unit in Q4 2024, showing a 2.8% increase year-over-year.
- Market Outlook: Atlanta’s rental market is expected to experience moderate rent growth of approximately 3% in 2025, driven by continued population influx and transit infrastructure improvements.
Invest With Us
Case Study
Sample Full Cycle Projects
| Return Summary For Flats At 2030 | |
|---|---|
|
Projected IRR
|
15.9% |
|
Projected Equity Multiple |
2x |
|
Projected Avg. Annualized Projected Return |
20.6%
|
|
Projected Holding Period |
5 Years
|
| Returns Summary For Tesoro At 12 | |
|---|---|
|
Projected IRR |
15.9% |
|
Projected Equity Multiple |
1.96x
|
|
Projected Avg. Annualized Projected Return |
19%
|
|
Projected Holding Period
|
5 Years
|
WHY INVEST IN THIS DEAL
Why Invest with Us?
Proven Expertise
Over 10 years of real estate experience and 2,000+ multifamily units transacted across high-growth states like Texas, Arizona, and Georgia.
Experienced Leadership
Led by Jack Aduwo, a seasoned investor with extensive experience in property repositioning, asset management, and operational efficiencies.
Mission-Driven
Enhancing communities through quality housing while achieving exceptional returns for investors
HOW TO GET STARTED
Review Documents
Perform Due Diligence
Commit Capital
Enjoy Returns
Jack Aduwo
Managing Partner of Kendu-Bay Properties
- Over a decade of real estate expertise, transacting in 2,000+ multifamily units.
- Proven success in repositioning underperforming properties into thriving assets.
- Strong leadership in asset management and operational excellence.
Ready to Build Wealth Through Multifamily?
Ready to Experience the Power of
Passive Real Estate Investing?
| TOP 4 LOCAL INDUSTRIES | |
|---|---|
|
Processional & Business Services |
25%
|
|
Financial Activities
|
16% |
|
Trade Transportation & Utilities
|
13% |
|
Education & Health Services |
16% |
| MEMORIAL PARK | |
|---|---|
|
Total Homes
|
618 |
|
Average For Sale Price
|
$1.99MM
|
|
Average For Rent Price
|
$4K/Month
|
| 3-MILE RADIUS SUMMARY | |
|---|---|
|
Rental Occupied Households
|
54.8%
|
|
Average Household Vehicles
|
2.0
|
|
<30 Mins Commute To Job |
71.6%
|
|
Average Age |
38.9
|
|
College Degree
|
74.2%
|
| $nbsp; | |
|---|---|
|
Average Household Size
|
1.8
|
|
Total Jobs
|
180,545
|
|
Total Population
|
168,860
|
|
Single
|
70.4%
|
|
Total Households
|
89,138
|