About This Fund
Humphreys Fund IV is the fourth closed-end opportunistic real estate fund managed by Humphreys Capital, a vertically integrated private real estate firm with more than 40 years of operating history and over $1.3 billion in total asset value under management. The fund has raised $94.5 million in committed capital from accredited and institutional investors and is actively deploying into a portfolio of nine properties, with approximately 76% of committed capital called as of mid-2024.
The fund pursues an opportunistic real estate strategy targeting industrial and multifamily assets located in dynamic, high-growth non-gateway markets across the United States. Rather than competing in supply-constrained primary markets such as New York, Los Angeles, or San Francisco, Humphreys Fund IV focuses on secondary and tertiary cities and their surrounding markets where demographic growth, affordability, and infrastructure investment are driving robust occupancy and rent appreciation. Target investments include logistics and warehouse facilities — including last-mile industrial assets — and residential multifamily properties, both asset classes characterised by structural demand tailwinds from e-commerce growth, housing supply shortfalls, and ongoing domestic migration patterns in the United States. The fund targets net internal rates of return of 14–16%.
Humphreys Capital's vertically integrated operating model — encompassing acquisition, asset management, property management, and disposition — underpins Fund IV's execution strategy. The firm's four-decade track record of consistent monthly distributions across its fund family (Funds II–IV plus the Humphreys Real Estate Income Fund with approximately $1.0 billion in total asset value and 45 properties) provides investors with access to a specialist manager with deep operational capability in US secondary market real estate — a sector increasingly attractive to capital seeking inflation-linked returns and demographic-driven income growth.