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Founded in 2010, Iliad Realty Group brings together a team with a wide breadth of real estate experience focused on opportunistic investments. Iliad is a basis-oriented investor, having completed a total of 26 acquisitions in New York, Texas and Florida totaling approximately $250 million, across over 5.7mm square feet, with an average leveraged IRR of 38% since its founding. One of IRGs primary lines of business is the acquisition of value-add multifamily properties in Texas.
Since 2010, IRG has acquired approximately 6,850 apartment units in 23 communities. In each transaction, IRG has identified a property or properties suffering from some level of ownership distress and has executed a significant physical and reputational rehabilitation.
IRG has expanded its platform to include expertise that has successfully converted or developed over $2 billion of residential for sale properties in New York City.