prev
next

CityVest Provides Access To the Best Real Estate Investment Funds

Ever wonder why the rich get richer?

After almost 40 years of investing in over $5 billion dollars of deals, I’ve “cracked the code”. I’ve seen what works and what doesn’t. I founded CityVest to help individual investors invest like the super-wealthy. Our mission is to help investors protect and grow their hard-earned investment capital through Better, Smarter Investing.

I’ve already amassed a following of investors including the principal of KevinMD, as well as the Chairman of JPMorgan Private Bank, the President of a Goldman Sachs trading subsidiary and several Chairmen of multi-billion dollar public companies.

So here’s the secret, CityVest searches thousands of high-performing institutional real estate private equity funds and selects a handful of the best-of-the-best. Then, CityVest sets up its unique Access FundTM making these institutional investments accessible to individuals for the very first time. And, as a result of our multi-million group investment, CityVest is able to obtain better investment terms, including higher preferred returns.

I look forward to your interest and participation in Better, Smarter Investing!

Alan Donenfeld

Founder/CEO

  • Access to Institutional Funds
  • Low Minimum Investments
  • Proven Track Records
  • Attractive Investment Markets
  • Unique Investment Strategies
  • High Preferred Returns

View Current Offering

McFarlin Access Fund

McFarlin Access Fund LLC (the “Access Fund”) is raising capital to invest in McFarlin Opportunistic Senior Living Fund I, LP (“McFarlin Fund”). The Access Fund is raising capital through a “feeder fund” structure called an access fund by aggregating up to 100 investors at a minimum investment of $25,000 each and will invest the capital into McFarlin Fund. Since the Access Fund will aggregate a several million dollar investment amount, the Access Fund has been able to negotiate to receive a 12% preferred return, as compared to direct investors into McFarlin at the $500,000 minimum investment level who will only receive a 10% preferred return. In addition, the Access Fund has negotiated a reduced annual management fee from 2% to 1% charged by McFarlin Fund. Distributions are not expected until after the third year with the majority of the 20%+ IRR to be received from McFarlin Fund to be generated from sales of properties.


McFarlin Opportunistic Senior Living Fund I, LP

McFarlin Opportunistic Senior Living Fund I, LP (“McFarlin” or “McFarlin Fund”) is seeking to raise $100 million of which $54 million has already been committed. McFarlin seeks to generate superior returns by acquiring poorly positioned, overleveraged or undercapitalized senior living assets that provide an opportunity for acquisition at a steep discount to cost creating wide margins of safety for investors. McFarlin believes that by buying small, single assets and pooling them, a 15%+ premium can be achieved by institutionalizing the assets. McFarlin is targeting an annualized IRR of 20%+ and has historically generated a 28% net IRR for their investors. McFarlin is managed by McFarlin Group which is investing $5 million into McFarlin Fund.

  • Performance

    28% Net IRR on Realized Investments
    2.25x Equity Multiple of Realized Investments
    Fund I Provides the Access Fund a 12% Preferred Return (vs. 10% standard)
    McFarlin Fund is targeting a 20%+ IRR

  • Experience

    Over 56 Years of Real Estate Investing Experience in Senior Living by Committee Members
    10 McFarlin Corporate Employees
    McFarlin Group is investing $5 million into McFarlin Fund

  • Investments

    McFarlin Group is Investing $5 million into McFarlin Fund
    Over $100 million of Equity Raised to date
    $2 Billion in Total Value of Completed Transactions by Principals


  • McFarlin Summary


  • Investor Review

More Info on McFarlin

CityVest's McFarlin Access Fund

Please register to receive instructions and links to learn more about investing in McFarlin Access Fund, the latest CityVest private equity real estate offering. In addition, you will receive access to the McFarlin PPM, Executive Summary and other educational resources related to CityVest's McFarlin Access Fund.

Questions? Call 212-593-1600

Excerpts From White Coat Investor

WCI Reviews About Access Funds and Institutional Private Equity Funds

White Coat Investor is the preeminent website offering doctors and dentists information about personal finance, investing, insurance, managing student loan debt and other financial services. The following are excerpts from WhiteCoatInvestor.com blogs and podcasts relating to CityVest.

CityVest Trion Access Fund

WhiteCoatInvestor.com - October 2, 2020 - Full Excerpt

The following are excerpts from an email sent out by Jim Dahle on October 2, 2020 to his WCI Real Estate Opportunities email list regarding CityVest Trion Access Fund.

  • "I have invested personally with CityVest through a previous access fund and am happy so far with performance. The access fund discussed here is a newer fund, called the Trion Access Fund. I am impressed with the track record of the team running the underlying fund and Katie and I are considering investing our own money with them right now."

    "CityVest is a company that offers “access” or “feeder” funds. An access/feeder fund is designed to lower the minimum investment required to invest into a private real estate fund and/or provide improved investment terms to a group of investors. CityVest forms a 99 member LLC with each member contributing $25-50K+ and then the money is pooled together ($2-7 Million) and invested in the larger fund with higher minimums. The access fund generally can obtain better terms from the company than a single investor with only the minimum investment can. The value proposition of the access fund is generally to either lower the minimum investment, obtain improved investment terms, or both."
  • "In this particular deal, CityVest is forming an access fund to invest in the Trion Multifamily Opportunity Fund II, LLC. This is a fund that is raising $50 million to invest in apartment buildings in high-growth West Coast markets, including California, Oregon, Colorado, Washington and Utah. Trion was founded in 2005 and has over 15 years of experience in the West Coast markets and has already acquired approximately 3,000 residential units."
  • "With this fund, Trion is targeting annualized returns of 14%-16%, but historically has had a net IRR of 43% on sold properties. They intend to renovate each multifamily asset purchased within approximately 24 months and then hold each asset for 3-5 years."
  • "Cityvest has not only completed their own due diligence on this fund, but has also provided a diligence report from Buttonwood Investment Services, LLC.""
  • "I like multi-family as an asset class. With COVID you have to wonder if we'll see a recession in office space, but people certainly will still need a place to live! Katie and I are a little underweight in this asset class right now so we are actively looking for another fund in this space now. The track record for Trion is excellent and longer than many you see in this space. A value-add strategy is also less risky than development. These properties already exist and have tenants! The idea behind value-add is to go in and make a bunch of physical and managerial improvements that allow the managers to increase rents."
  • You get four benefits for being a white coat investor investing in the CityVest Access Fund
       • The lower ($25K) minimum
       • 0.75%/year CityVest fee waived the first year
       • 10% preferred return (instead of 8%)
       • 80/20 promote split instead of 76/24
  • "They're hoping to close this fund within a few weeks, so don't waste any time if you're interested. Thanks for your time; stay safe! - Jim Dahle"
  • “Learn more about the CityVest Trion Access Fund today!” - You can also call (212-593-1600) the CEO of CityVest, Alan Donenfeld, anytime to discuss any CityVest investment or reach out to him via email (alan@cityvest.com) but be sure to mention you're coming from WCI to get the special WCI deal."
  • View Full Article

CityVest JKV Access Fund

WhiteCoatInvestor.com - June 4, 2020 - Full Excerpt

The following are excerpts from an email sent out by Jim Dahle on June 4, 2020 to his WCI Real Estate Opportunities email list regarding CityVest JKV Access Fund.

  • "The JKV Access Fund provides an intriguing opportunity that allows accredited investors to PASSIVELY invest in what is usually the most active method of real estate investing--purchasing homes from distressed buyers, renovating them quickly and efficiently, and selling them to new owners, AKA fix and flip. Coming off 2019 where they made 29% in the Southern California workforce market, the JKV Opportunity Fund II is targeting 20% to investors after fees."

    "For White Coat Investors, CityVest is providing access to this fund for just $25,000 while improving the terms to a 12% preferred return plus an 80/20 promote structure. If you want to diversify away from publicly traded stock and bond index funds with part of your portfolio, but still invest passively in a niche market, take a look at the JKV Access Fund."
  • "JKV is raising $20 Million for Fund II. If I’m calculating the numbers right, JKV has done this so far with about 170 homes, although one of the principals has 5,000 homes worth of experience. Their advantage is that they are fully integrated with the deal finders, contractors, and brokers all working for the same company."
  • There is always a value proposition to an access fund and this one is no different. The access fund provides:
       • Lower minimum investment ($25K for White Coat Investors)
       • Better preferred return (12% instead of 10%)
       • Better promote structure (80/20 after the preferred return instead of 70/30)
  • "I like the integrated nature of the company. I like the waterfall structure of the deal, especially after going through the access fund which will help make up for a significant portion of the additional expense of the access fund. The company believes they will continue to have a tailwind due to limited workforce housing starts (because you still can’t build homes in this price range from scratch in CA profitably) and a continued massive supply-demand mismatch."
  • “Learn more about the CityVest JKV Access Fund today!” - You can also call (212-593-1600) the CEO of CityVest, Alan Donenfeld, anytime to discuss any CityVest investment or reach out to him via email (alan@cityvest.com) but be sure to mention you’re coming from WCI to get the special WCI deal."
  • View Full Article

CityVest Apex Access Fund

WhiteCoatInvestor.com - March 2, 2020 - Full Excerpt

The following are excerpts from an email sent out by Jim Dahle on March 2, 2020 to his WCI Real Estate Opportunities email list regarding CityVest Apex Access Fund.

  • “I have previously invested personally with CityVest in an access fund and am happy so far with performance. The access fund discussed in this email is a newer fund, called the Apex Access Fund, LLC.

    CityVest is a company that offers “access” or “feeder” funds. An access/feeder fund is designed to lower the minimum investment required to invest into a private real estate fund and/or provide improved investment terms to a group of investors. CityVest forms a 99 member LLC with each member contributing $25-50K+ and then the money is pooled together ($2-7 Million) and invested in the larger fund that may have a $200K-$1 Million minimum. The access fund sometimes can obtain better terms from the company than a single investor with only the minimum investment can, but of course adds on its own layer of fees. The value proposition of the access fund is generally to either lower the minimum investment, obtain improved investment terms, or both.”
  • “In this particular deal, CityVest is forming an access fund to invest in the ApexOne Growth and Income Fund III, LP. This is a fund that was started in 2018 and is raising $150-175 Million ($100 Million already raised) to invest in value-add multi-family student housing properties. Although none of these funds have gone completely round trip, they boast an IRR of 17.7% and an equity multiple of 2.28X on the properties that have. With Fund III, they are targeting an IRR to investors of 13-15%. ”
  • “The Access Fund is called Apex Access Fund, LLC and is run by CityVest with many services (accounting, tax prep etc) provided by their usual provider, Assure here in Salt Lake City.
  • “I like multi-family and student housing investments. I think they are likely a bit more recession-proof than retail and industrial investments and so seems a bit wiser to me at this stage of the real estate cycle. A value-add strategy is also less risky than development (although more risky than core or core-plus). The idea behind value-add is to go in and make a bunch of physical and managerial improvements that allow the managers to increase rents.”
  • “They are closing this fund at the end of May, so don’t waste any time if you’re interested. There were a few people upset when they couldn’t get into the last one but the SEC is very strict about the 99 investor limit.
  • “Learn more about the CityVest Apex Access Fund today!” - You can also call (212-593-1600) the CEO of CityVest, Alan Donenfeld, anytime to discuss any CityVest investment or reach out to him via email (alan@cityvest.com) but be sure to mention you’re coming from WCI to get the special WCI deal.
  • View Full Article

Private Real Estate Investment Funds

WhiteCoatInvestor.com - January 16, 2020 - Full Excerpt

The following are excerpts from Jim Dahle podcast interview with Alan Donenfeld on January 16, 2020

  • “Over the years, I’ve invested across the entire spectrum of real estate investments, from owning and managing an individual property and its tenant to buying and holding a REIT index fund. This has included investments with half a dozen crowdfunding sites, some individual syndicated investments bought directly from the syndicator and private real estate funds. Over time, I’ve gravitated more and more toward the real estate funds.”
  • “Why have I moved toward private funds? There are several reasons, really.” “The first is that I want my investments to be very passive. I want to be able to ignore them for months or even years at a time and still be assured that someone is watching the shop and making sure I get good returns. And I certainly don’t want to get toilet back-up calls or screen tenants myself.” “The second is that I want my investments to be diversified. Diversification protects you from what you don’t know. When you buy part of a syndicated property, even if you do it with hundreds of others through a crowdfunding site, you’re only buying one property. When you buy a fund, you are generally buying 10-20 properties.” “The third is that I don’t have any particular talent at evaluating and selecting real estate investments.” “So the idea of having someone who actually does know how to do this choosing the investments is appealing.” “The fifth is that returns for many of these funds have been excellent. At a time when many smart people are talking about 4-6% real returns on equities for the next decade (and that’s not even the perma-bears) seeing funds showing audited (nominal) returns of 10-25% become pretty intriguing.”
  • “This is the issue that Alan Donenfeld, CEO of CityVest, is trying to solve. His brother, an anesthesiologist, asked him what he should invest in. Alan told him to invest in these mid-range private real estate funds. But his brother came back saying he couldn’t afford any of the minimums. So Alan figured out a way for his brother (and others like him) to have lower minimums. CityVest bridges the gap between these funds and accredited investors like you that will never have an estate tax problem.”
  • “Unlike most crowdfunding sites, CityVest is not dealing with specific properties and their sponsors. They’re only dealing with funds. So they go to a fund that requires a minimum of $100K and prefers $1M+ from an investor and say, “We’ll bring you capital to invest.” Then they go to investors and form an “access fund” that might raise $5M to invest in the real estate fund. They let the investors into the fund for $25K, but then provide those investors with the preferred deal from the real estate fund, taking their cut out of the difference between the regular deal and the preferred deal. It’s really pretty ingenious and a major service for those of us at this level of assets.”
  • “You also get the benefit of their screening of funds. There are 600+ funds like this. Alan tells me the initial screen is a prior fund with an IRR of at least 20%. That screens out 90% of funds right there. From there, he applies some additional criteria until he is satisfied that the likelihood of continued success is high. So Alan Donenfeld and I put our heads together a while ago to try to come up with a win-win-win-win deal.”
  • View Full Article

CityVest – Access Top Private Real Estate Funds With a Lower Minimum

WhiteCoatInvestor.com - December 14, 2018 - Full Excerpt

The following are excerpts from a post by Jim Dahle on The White Coat Investor.com on December 14, 2018

  • JD. - “The big value access funds provide are decreasing the minimum amount you have to invest to able to invest in institutional private real estate funds. Alan at CityVest created an access fund to pull capital together and as a group be able to invest $3-5 million dollars and thus negotiate better investment terms than one single investor could with a $250K investment.”
  • AD. - “There are a class of institutional funds that clearly outperform other funds. In real estate, often times bigger is better. The bigger properties have less competition for buying them. The bigger funds have this greater ability to acquire those properties because brokers bring them the property first. Their ability to get credit or close with all cash is better. And so institutional funds just outperform every other category of funds. So our mission is to access those best funds through our access funds, and we allow up to a hundred investors in each of our access fund vehicles in amounts as low as 25,000. And at the end of the day, even after our fees, I believe that our returns stack up favorably with any other funds because our underlying funds simply outperform. Along the way you get a range of institutional benefits such as quality auditors, administrators, each of these funds have their own in house accounting staff. The level of experience of these managers is that much higher. So there’s just a variety of benefits from an institutional fund that outperform other funds even after our fees in our access funds.”
  • JD. - So obviously Alan thinks the trade is worth it for a typical physician investor with a $500,000 to a $3 million portfolio. This allows them to, rather than maybe put a big chunk of their investments into one single fund at $250,000 or $500,000, they can spread it among three or four funds at $25,000 or $50,000 apiece. This allows you to get into the funds at a lower minimum and make sure you are getting the returns and distributions you want, before you decide to invest more money.
  • JD. - I invested $100,000 through CityVest in the DLP Access Fund 1 early in 2019. I think the most recent distribution I got on that fund annualizes out to 11% a year, so I was pretty happy with that. CityVest is providing a service that I’m really not seeing in other places. These are great funds. The CityVest access fund provides you the opportunity to get into these investments for $25,000 or $50,000 where it becomes reasonable for someone with a typical physician level of assets.
  • View Full Article

Dr. Dahle is a practicing emergency physician, blogger, author and podcaster. He is not a licensed accountant, attorney or financial advisor. So this podcast is for your entertainment and information only. It should not be considered as official, personalized financial advice.”

Institutional Real Estate Investment Opportunities

For the first time, individual investors can access top tier institutional real estate investment funds which have historically generated rates of return over 20% IRR. Traditionally, these institutional quality, high return funds have had million dollar minimum subscription amounts. However, through CityVest, you can access, conduct due diligence and invest in these funds with just $25,000.

  • Trion Access Fund
    • Targeted Investor IRR
      14-16%+
    • Fund Size
      $50,000,000
    • Fund Type
      Multi-Family Residences
    • Distributions
      Quarterly
    • Minimum Investment
      $50,000
  • Closed

    JKV

    JKV Access Fund
    • Targeted Investor IRR
      20%+
    • Fund Size
      $20,000,000
    • Fund Type
      Single Family Residences
    • Distributions
      Quarterly
    • Minimum Investment
      $50,000
  • Closed
    Apex Access Fund
    • Targeted Investor IRR
      13-15%
    • Fund Size
      $150,000,000
    • Fund Type
      Workforce Housing
    • Distributions
      Quarterly
    • Minimum Investment
      $50,000
  • Closed
    DLP Access Fund
    • Targeted Investor IRR
      11%+
    • Fund Size
      $150,000,000
    • Fund Type
      Real Estate Loans
    • Distributions
      Quarterly
    • Minimum Investment
      $50,000
  • Closed
    Medical Properties Access Fund
    • Preferred Return
      15%
    • Fund Size
      $50,000,000
    • Fund Type
      Medical Real Estate
    • Distributions
      Quarterly
    • Minimum Investment
      $50,000
  • Closed
    Pathfinder Access Fund
    • Targeted Investor IRR
      12% to 14%
    • Fund Size
      $150,000,000
    • Fund Type
      Multi-Family
    • Location
      San Diego
    • Minimum Investment
      $25,000

Copyrights © 2018 All Rights Reserved by CityVest Capital Inc
Privacy / Terms of Service

Please read the important disclosures below.

CityVest.com is a website owned by CityVest Marketplace LLC, a subsidiary of CityVest Capital Inc. (together with its affiliates, “CityVest”). By accessing this website, you agree to be bound by its Privacy Policy and Terms of Service.

The information on this website does not constitute an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any investment or security described herein. Any such offer or solicitation shall be made only pursuant to the final confidential offering documents of any entity described on this website, which will contain information about each entity’s investment objectives and terms and conditions of an investment and may also describe certain risks and tax information related to an investment therein and which qualifies in its entirety the information set forth herein. The information contained herein does not constitute part of the offering documents of any entity. An investment in any investment included on this website, entails a high degree of risk (including the possible loss of a substantial part, or even the entire amount, of an investment) and no assurance can be given that any entity’s investment objectives will be achieved or that investors will receive a return of their capital. Past returns are not indicative of future performance.

Any financial projections or returns shown on the website are estimated predictions of performance only, are hypothetical, are not based on actual investment results and are not guarantees of future results. Estimated projections do not represent or guarantee the actual results of any transaction, and no representation is made that any transaction will, or is likely to, achieve results or profits similar to those shown. Any investment information contained herein has been secured from sources we believes are reliable, but we make no representations or warranties as to the completeness, adequacy or accuracy of any information provided. Investors should conduct their own due diligence, not rely on the financial assumptions or estimates displayed on this website, and are encouraged to consult with a financial advisor, attorney, accountant, and any other professional that can help you to understand and assess the risks associated with any investment opportunity.

Prospective investors should read the confidential offering materials of any privately offered investment product, including all risk and conflict disclosures included therein, before investing. Please read detailed information about such calculations in the investment manager’s detailed financial and information material. The information contained herein should be treated in a confidential manner and may not be reproduced or used in whole or in part for any other purpose.

CityVest does not make investment recommendations, and no communication through this website or in any other medium should be construed as such. Private placements on CityVest.com are intended for accredited investors (for persons residing in the U.S.), and for persons residing abroad in jurisdictions where securities registration exemptions apply. Private placements of securities are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. Private placement investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by CityVest, and MAY lose value. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the website. Investors must be able to afford the loss of their entire investment.

© 2020 CityVest Marketplace LLC. All rights reserved.