Key Takeaways:
- RealVantage’s successful 2023 with significant milestones: Over SGD 100 million raised, 25 new deals funded, and 9 deals realized.
- The firm’s strategic approach led to an impressive average net IRR of 20.7% for equity deals and 7.3% for income deals.
- RealVantage’s strong focus on investor relations resulted in a significant growth of its investor base, with a large percentage of repeat and referral investments.
A Year of Remarkable Achievements
Founded in 2019 with the vision to offer a smarter way to invest in real estate, RealVantage concluded 2023 on a high note. The firm achieved outstanding growth, surpassing SGD 100 million in total funds raised and funding 25 new deals within the year – the most in a single year since its inception. Keith Ong, Co-founder and CEO, reflects on the journey, stating, “2023 was a great year, but we believe the best is yet to come.”
Tackling Global Challenges with Agility
The year 2023 brought its share of challenges, including high interest rates, inflationary pressures, and geopolitical risks. Despite these hurdles, RealVantage stayed nimble, turning challenges into advantages. A defensive strategy focusing on real estate debt deals and selective equity investments helped the firm maintain its portfolio’s resilience.
Achieving Success Through Quality and Collaboration
RealVantage prides itself on its collaborations with leading real estate operating partners such as Greystar Real Estate Partners, Martley Capital Group, and AsheMorgan. These partnerships have elevated the firm’s standing in the industry, allowing it to offer better quality deals and co-invest alongside renowned institutional investors.
Enhancing Governance and Risk Management
In response to a dynamic operating environment, RealVantage has strengthened its governance framework and risk management processes. Initiatives such as the establishment of an Audit and Risk Committee and enhanced cyber-security measures reflect the firm’s commitment to operational excellence.
Building a Community of Evangelical Investors
A testament to RealVantage’s success is its growing community of investors, which expanded 8.6 times since 2021. The firm attributes this growth to its focus on investor satisfaction, with two-thirds of new investors reinvesting and 60% of new investors coming from referrals.
Innovations in Technology and Investor Experience
RealVantage’s IT infrastructure is the backbone of its operations. 2023 saw significant enhancements to the platform, including improvements to the Portfolio Page, API integrations with major banks, and the introduction of e-signing for investment documents. These advancements aim to make investing faster, cheaper, and more transparent.
Commitment to Social Responsibility
Beyond financial success, RealVantage is committed to social responsibility. The firm’s first CSR project involved setting up a digital lab in a boarding school for disadvantaged students in Singapore, demonstrating its dedication to giving back to the community.
Looking Forward to 2024
As RealVantage steps into 2024, it remains dedicated to its mission of providing access to high-quality global real estate opportunities. With a focus on integrity, excellence, and safeguarding investor interests, the firm is poised for even greater achievements in the coming year.
For more information on RealVantage and its innovative approach to real estate investment, visit RealVantage’s official website.
This year-end review and outlook by RealVantage’s CEO Keith Ong not only highlights the firm’s impressive achievements in 2023 but also sets an optimistic tone
for what’s to come in 2024. With its strategic approach, commitment to innovation, and dedication to its investors and community, RealVantage stands as a leading example in the real estate investment industry. The firm’s journey and accomplishments serve as an inspiration and a blueprint for success in the dynamic world of real estate investment.
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