Formed in 2002, Equity Resource Investments, LLC (the “Company” or “ERI”) is a
Massachusetts limited liability company. The Company and its affiliates provide
investment management and other services to, and act as general partners or managers of
certain private funds formed at the direction of the Company to invest in a portfolio of
real estate-related investments and certain investment vehicles that have invested in
specific properties or portfolios of properties. The funds and investment vehicles are
collectively referred to as the “Funds”. The principal owners of the Company are Eggert
Dagbjartsson, Victor J. Paci, Paul Coelho, Joanne Foley and Kurt Spring. The Company is
managed by a committee of Managers comprised of Mr. Dagbjartsson, Mr. Paci, Mr.
Coelho, Ms. Foley and Mr. Spring. Certain Funds are managed by Messrs. Dagbjartsson
and Paci and others by committees comprised of Mr. Dagbjartsson, Mr. Paci, Mr. Coelho
and Mr. Spring, or Mr. Dagbjartsson, Mr. Coelho and Mr. Spring.
The Company, either directly or through its wholly-owned subsidiary, ERF Manager LLC,
advises the Funds on real estate-related investments. The Company, ERF Manager LLC
and affiliates of the Company that serve as managing members, managers or general
partners of Funds are referred to, collectively or individually as the context warrants, as
“ERI”. ERI undertakes
a long-term investment strategy, with a focus on multi-family
assets, affordable housing and commercial real estate, as well as secondary market
purchases of smaller non-controlling real estate investment interests, illiquid ownership
structures (including limited partner interests, general partner interests, joint venture
holdings, and co-investment interests), platform and portfolio investments, sponsor
equity, syndicated tenant in common holdings and tenant in common roll-up strategies,
and investments in Low Income Housing Tax Credit/affordable housing portfolios, value-
add multifamily, value-add industrial, and special situations. Many investments are
illiquid, private securities. ERI employs a team of professionals to locate and analyze
potential investments, including exit strategies, suited to the investment objectives of the
Funds.
ERI currently provides investment management services to pooled investment vehicles
that were formed to invest in a portfolio of real estate-related investments, and one pooled
investment vehicle created to invest in an interest in a non-real estate related company.
ERI manages an estimated $1,225,193,956 of assets on a discretionary basis, which includes
aggregate uncalled capital commitments for all Funds and asset valuations, in each case
as of December 31, 2023. ERI does not manage any assets on a non-discretionary basis.