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Adviser Profile

As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 76 -24.00%
of those in investment advisory functions 7
Registration SEC, Approved, 07/27/2022
Other registrations (2)
Former registrations

COMUNIDAD FUND I MANAGER, LLC

AUM* 264,816,758 -13.42%
of that, discretionary 264,816,758 -13.42%
Private Fund GAV* 264,816,758 -13.42%
Avg Account Size 66,204,190 -13.42%
SMA’s No
Private Funds 4
Contact Info 619 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
306M 262M 218M 175M 131M 87M 44M
2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeReal Estate Fund Count4 GAV$264,816,758

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Brochure Summary

Overview

Comunidad Fund I Manager, LLC (“Comunidad” or the “Manager”), a Delaware limited liability company, is a vertically integrated real estate investment manager with internal property management, development, and construction management capabilities, and is focused on the acquisition and development of workforce and affordable housing communities located in culturally diverse neighborhoods, with a particular focus on Sunbelt markets. Comunidad was founded in 2007 and is principally owned by Antonio Marquez and Rachel Marquez. Comunidad currently provides investment advisory services to four clients: Comunidad Social Impact Multifamily Assets Fund I, LP and Comunidad Social Impact Multifamily Assets QP Fund I, LP and SIMFA Parallel I, LP and SIMFA Parallel II, LP (collectively the “Funds” or “Clients”). The Clients offer limited partnership interests to certain qualified investors as described in response to Item 7, below. Such investors or prospective investors are referred to herein as “Investors.” The Manager provides discretionary investment management services to privately offered investment funds intended for sophisticated investors in accordance with the applicable limited partner agreements, operating agreements, private placement memoranda, investment management agreements and other such agreements (“Offering Documents”). Capitalized terms not otherwise defined in this Brochure shall have the meaning ascribed to such term in the respective Fund’s limited partnership agreement. The Funds are managed in accordance with their own objectives and are not tailored to any Investor nor does any Fund accept client-imposed investment restrictions unless documented in a side letter agreement that is approved by the Manager. Investment advice is provided directly to the Funds by the Manager and not individually to Investors. Such Investors accept the terms of advisory services as set forth in the Funds’ respective Limited Partnership Agreements. The Manager has broad investment authority with respect to the Funds and, as such, Investors should consider
whether the investment objectives of the Funds are in line with their individual objectives and risk tolerance prior to investment. The General Partner establishes certain partnerships, such as co-investment vehicles (“Partnerships”), that are designed to invest in one or more specific investments alongside the Funds. To the extent that such co-investment opportunities arise, the General Partner will generally offer such co-investment opportunities to Investors in the Fund or Funds, applicable, or in another manner as permitted by the Offering Documents, at the General Partner’s sole discretion. In no event shall the General Partner and its affiliates be restricted from participating in any such co- investment. In addition, the General Partner, or its affiliates, in their sole discretion, may hold certain assets outside a Fund in (or permit the investors to hold their interests in the Partnership through) one or more other vehicles (which entities may include a group trust, a blocker entity or an off-shore vehicle) organized by the General Partner and having investment objectives, economic terms, conditions and management substantially identical and no less favorable, to the extent practicable, to those of the Funds, but that would not encounter (or would appear to mitigate) certain legal, tax or regulatory impediments (such investment vehicles are “Alternative Investment Vehicles”). Certain side letter agreements are entered into with certain investors in the Funds. Such arrangements have the effect of establishing additional rights or altering or supplementing the terms of the governing documents of a Fund with respect to one or more such investors in a manner more favorable to such investors than those applicable to other investors. As of December 31, 2023, Comunidad manages approximately $264,816,758 of Regulatory Assets Under Management on a discretionary basis. Comunidad manages $0 assets on a non-discretionary basis. It should be noted that for the purposes of calculating Regulatory Assets Under Management and consistent with SEC guidance, the Manager has included all unfunded capital commitments.