Overview

New Hampshire Multifamily Fund III is a 506(c) offering for accredited investors that pools 10–15 sub-50-unit, B/C-class multifamily assets across New Hampshire. By aggregating many small, inefficiently priced properties into one vehicle, the fund gives investors institutional-style diversification without traditional asset-management fees, while keeping sponsor compensation aligned with performance. Why Small, Off-Market Deals Good deals don’t scale. The best risk-adjusted returns we’ve achieved have come from small, off-market buildings where local relationships create pricing inefficiencies unavailable in larger, brokered assets. Direct-to-seller sourcing. Our partner, Aligned Real Estate Partners, has executed 50+ transactions since 2016 using this exact playbook, limiting broker fees and buyer competition. Vertically integrated operations. Day-to-day management is handled by Blue Door Living, one of NH’s highest-rated property managers, reducing execution risk and protecting margins. Track Record Sample Asset Units Value-Add Outcome Hold Period Lakeside Landing 45 +$2 M forced appreciation 12 mo (since Jul ’23) NH Small MF Portfolio II 27 +$1.1 M forced appreciation 14 mo 120 Myrtle St 23 100 % cash-out refinance 14 mo (See Full Record in Pitch Deck.) Fund Terms & Timeline Target raise: $4 M (second close October 1, 2025) Waterfall: 7% Preferred Return, 60/40 LP/GP Split. Incentive to first investors. Structure: 10–15 assets acquired over ~24 months, 65-85% LTC Fund III lets passive investors capture the upside of New Hampshire’s small-multifamily niche—proven by seven prior joint ventures between Burns Capital Partners and Aligned Real Estate Partners—while enjoying the diversification, scale, and operational discipline of a single umbrella fund.