We are pleased to announce Robinson Village (“RV”) I, II, and III are now completed and sold firm. Exits will be November 2022, December 2022, and January 2023 for RV III, II, and I respectively. EMBLEM and team managed the end-to-end process; acquired the existing properties, assembled the land to form new development sites, developed multi-residential buildings for each site, obtained zoning approvals, led construction management and leasing of the buildings, as well as managed the sales process to result in the exit of these investments. The successful closing of each sale will secure the targeted 8% annual return for this project to investors.

These 3 exits will be followed by 2-3 more exits per year in the coming years as all other projects are currently on track to achieve the full target return ranging from 10.25% - 14% per annum varying by project in accordance to target return expectations as outlined at the initial stage of investment.

Alternative assets such as real estate are essential in achieving diversification in one’s portfolio. In a year like 2022 when the US market is -25%, having a portion of one’s portfolio generating a positive return is a testament to the importance of diversification. First Avenue continues to believe in the merits of a well-diversified investing approach, inclusive of equities, fixed income, and alternatives, in the pursuit of providing superior risk adjusted returns over the long term to our clients.