Revitate Cherry Tree Announces First Distribution to Midwest Workforce Housing Fund Investors

Revitate Cherry Tree’s Midwest workforce housing investment platform has announced its first cash distribution to Fund I investors less than three months following the final close. 

NEWPORT BEACH, CA (April 2023) - Revitate Cherry Tree has announced its first quarterly distribution to investors in its Midwest workforce housing fund. The distribution comes less than three months following the final fund closing of December 31, 2022.  

“We are pleased to reach this key milestone and fulfill our investment strategy of pursuing both immediate distributions and the potential for long term capital appreciation for our investors,” said Chris Marsh, Revitate Cherry Tree Co-Founder and General Partner.  “We look forward to future investor distributions as our portfolio continues to mature.” 

The Fund’s current portfolio of five workforce housing communities in Midwest Growth markets is already outperforming our at-acquisition underwriting due to both strong deal and finance structuring and implementation of Revitate Cherry Tree’s “operational excellence framework” to fully optimize property management.  Revitate Cherry Tree also anticipates an additional announcement in the coming months regarding a final acquisition for the Fund. 

Co-founded by Alex Bhathal, Lisa Merage, and Chris Marsh, Revitate Cherry Tree targets stabilized income-producing and/or light value-add workforce housing assets primarily in growing markets in the Midwest that have consistent employment growth with positive net in-migration. To date, Revitate Cherry Tree has acquired approximately $96 million in transaction volume.