Artisan Land Fund I
What is Artisan Land Fund I?
Artisan Land Fund I is a $50MM all-equity (100% unleveraged) land investment and horizontal land development fund.
Artisan Land Companies, LLC is sponsoring and will be the Fund Manager for Artisan Land Fund I, LLC which seeks to acquire strategic
sites and land tracts in urban, suburban, and emerging markets within the Southeastern United States, with a primary focus on Georgia.
Targeting a 20% IRR , 2X MOIC net to investors (on an unleveraged basis).
Key Investor Benefits
Strong Risk-Adjusted Returns
Investors have significant upside potential with downside protection through our strategy of never utilizing leverage, taking no vertical construction risk, taking no leasing/stabilization risk, and limiting our capital markets risk, offering similar returns to that of a leveraged vertical development project but with a substantially lower risk profile. Targeting
a 20% IRR, 2x MOIC, net to investors (on an unlevered basis).
Unrivaled Deal Access
Investors can gain access to a robust pipeline of projects through Artisan’s brokerage arm (SSG Realty Partners), coupled with its unique market position as an actively managed land investment & horizontal land development fund.
Diversification and Inflation Hedge
The fund will be diversified across real estate sectors in an asset class that has historically outperformed equities and bonds in inflationary environments.
Visionary Expertise
Visionary development strategies for raw land in advance of general market awareness.
Confidence of Exit
Extensive network of multi-disciplinary developer relationships.
Current ALC Pre-Fund
2024 Investment Portfolio
Artisan’s partners and LP’s have invested ~ $7.5MM in all-equity capital in 3 Pre-Fund I (Artisan Interests LLC) projects to demonstrate the thesis.
The total Pre-Fund I portfolio is currently projected to conservatively outperform the Fund I targeted returns of 20% IRR, 2.0X MOIC, net to Limited Partner investors (on an unlevered basis).
Artisan Land Fund I Summary: Capital and Terms
Target Offering Size
$50MM, $10MM minimum Initial Close
ALC GP Commitment
5% of Committed Capital up to $2.5MM (5% at $50MM target)
Fund Term
10 years from the Initial Closing, subject to the right to elect two consecutive one-year extensions; Avg cash investment cycle target per Portfolio Investment is 48 months
Investment Period
Up to 5 years from Initial Closing (subject to 2 consecutive 6 month extensions)
Minimum Investment
$250,000
Management Fee
Fund Management Fee is 2% of the Investors’ Commitments during the Investment Period. Following the Investment Period, Fund Management Fee is 2% of Unreturned Capital.
Initial Capital Call up to 10% of Commitment at initial closing with future Capital Call(s) depending upon project investment timing.
Capital Calls
Investment Allocation
All investors participate pro-rata in all portfolio investments.
Distributions will be at the individual project investment level (Standard American Waterfall)
Tier 1: Return of Capital to all Cash Investors (pro-rata)
Tier 2: 9% Preferred Return to all Cash Investors (pro-rata)
Tier 3: 65% to all Cash Investors (pro-rata) and 35% to the GP Promote
Distribution Waterfall
Target Returns
20% IRR, 2.0X MOIC, net to LP investors (on an unlevered basis)
Fund I Pipeline Investment:
Artisan Park - Habersham
Property Highlights
147-acre Mixed-Use development site immediately adjacent to GDOT’s planned East (I-75) West (I-85) connector highway (HWY 123/17) at the intersection with HWY 441 which is known as the gateway to the northeast GA mountains.
Central Habersham County location with site at the “center of the clock” surrounded by the communities of Cornelia, Demorest, Clarkesville, Hollywood and Toccoa
Four lane/limited access/median highway directly to the I-85 Toccoa exit which is ~20 minutes from the site.
Site is immediately adjacent to the ~2,700 acre Chattahoochee National Forest which offers hiking, mountain biking and ATV trails.
Investment Summary
ALC is currently under contract on the site at an attractive purchase price providing an extended control period while zoning and sewer commitments are being finalized.
The strategy is to market the site as a mixed-use development with a residential district, a medical office / office building district and a retail district.
ALC Insights & Value Drivers
Parcel is surrounded by 6 rapidly growing communities and 26 miles north “in the path of progress” from Gainesville GA which is one of the fastest growing sub-markets in the US.
Opportunity for an affordable housing development at the Gateway to North Georgia’s Mountain & Lake Country.
Proximity to the 104-acre NE Georgia Inland Port expected to multiply economic activity in the region.
Primary Value Drivers are rezoning, securing municipal support for sewer activation and Master Site Planning.
Fund I Pipeline Investment:
Artisan - Resaca Industrial Park
Property Highlights
90-acre assemblage along the I-75 North corridor (largest interstate freight corridor in the Southeast) between Adairsville and Dalton, GA ideal for a Logistics Center.
Assemblage is “in the path of progress” with 1.6MM SF of warehouse leases signed in Dalton and 6MM SF in new construction warehouse leases signed in Adairsville/Cass/White since Sept ‘22.
Site is ~30 miles north of the Appalachian Regional Inland Port which provides container rail service to/from the Port of Savannah.
Investment Summary
Attractive land cost basis limits downside.
Strong upside to market as an industrial / Warehouse end-use.
ALC Insights & Value Drivers
Advantaged cost basis logistics center development site in prime location with Interstate frontage, close proximity to Interstate exit with an access road activated by assemblage of continuous properties.
Primary value driver is rezoning to Light-Industrial (Gordon Co.) use and bringing sewer to the site or facilitating the necessary steps for a developer to access the existing sewer approximately 3,000 ft south of the property along Hwy 41.
Invest in Artisan Land Fund I LLC
If you’re interested in investment opportunities with Artisan Land Companies, please fill out the form or contact us at the email addresses below. We look forward to speaking with you soon.
2060 Mt. Paran Road NW, Suite 100
Atlanta, GA 30327
Email:
Scott Light
scott@artisanlandcompanies.com
Barry Branch
barry@artisanlandcompanies.com