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The 1st Investment of AYF II

AYF II has made its 1st investment in a Class A warehouse in Mumbai

  • Logistics park: Part of a 106-acre park
  • Tenant: Nestle (Fortune 106)
  • Prime location: Mumbai
  • Micro-market: India’s largest logistics hub
  • Long tenancy: 10-yr lease with a 3-yr lock-in

The Strategy

Class A office and warehousing properties, two of India’s fastest growing asset classes

  • High entry yield of 8-9%
  • Pre-leased Grade A/A+ assets
  • High quality multi-national tenants
  • Prime micro-markets with high rental growth
  • Proactive asset management to drive value

Why India?

Fastest growing emerging market in the world (1.4 billion population, 28 years median age)

  • ~$22bn investments in RE by global PE funds
  • 26.4% y-o-y increase in leasing
  • 63 msf annual gross office leasing
  • Outsourcing capital of the world
  • 3.5% y-o-y rent growth

Track Record (AYF I)

AYF I, our 1st fund is fully invested in 4 rent-yielding office assets in Bangalore & Mumbai

Prestige Tech Platina
Prestige Tech Platina

Bangalore

Rental Yield
10%
Target IRR
17.5%
Whitefield Tech Park
Whitefield Tech Park

Bangalore

Rental Yield
8.51%
Target IRR
19.4%
Lodha Ithink
Lodha Ithink

Mumbai

Rental Yield
8.44%
Target IRR
15.0%
Embassy Tech Square
Embassy Tech Square

Bangalore

Rental Yield
8.62%
Target IRR
15.9%

Kunal Moktan

Co-Founder

Kunal has over 17 years experience in investing real estate of which 8 was with The Blackstone Group. He has an MBA from IIM Ahmedabad.

Kunal Moktan

Hashim Khan

Co-Founder

9+ years experience in real estate investments at Property Share and 15+ years experience in managing and Implementing technology and processes. He holds a B. Tech from IIT Kanpur and MBA from IIM Ahmedabad.

Hashim Khan

Amit Kumar

Head, Fund Raising

Amit has 23+ years in wealth management with Edelweiss and DSP Merrill Lynch, and holds an MBA from IMT Ghaziabad and B.Com & M.Com from Delhi University.

Amit Kumar

Rahul Jain

Head, Listed Properties

Rahul has worked across Noble House ($350M family office in Dubai), Deutsche and Standard Chartered Banks. He holds a B.Tech from IIT Bombay and an MBA from IIM Lucknow.

Rahul Jain

Jayanth B

VP, Sales

Jayanth has 15+ years experience in consultative selling across LinkedIn, CEB & Propshare and holds a B.Tech degree from PSG Tech and an MBA from EDHEC, France

Jayanth B

The Asset Manager – Alt Capital

Alt is led by a team that started The Blackstone Group’s India real estate office and helped it become the largest office investor in the country

7+ years

Institutional investing at Blackstone

₹1,708 cr

Invested in CRE

62+ years

Team Experience

₹250 cr

Returned to investors

Key Terms

₹500 crore
Target fund size
(Greenshoe option of ₹200 cr)
5+1+1 Years
Term with an option to extend by 2
years by unitholder majority
₹1 crore
Minimum commitment amount
18 months commitment period
0.75 – 1.75%
Annual management fee
1.0%
One-time fee*
0 - 15%
Performance fee over a 9% IRR
hurdle

*Includes set-up fee (at actuals) subject to a cap of 1% of capital commitment and offering expenses. Offering expenses are charged as a percentage of capital commitment and deducted proportionately from each drawdown.

Backed by institutional capital

PropShare is backed by some of the biggest names in private equity and venture investing