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SMI Fund Management
721 Exchange, a tax-deferred, non-taxable transfer that allows property owners to contribute properties into a fund in exchange for shares.
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Author Archives: Kelly

SMI Fund Management - Northridge Apartments - 6719 SE 82nd Ave, Portland, OR 97266
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Northridge Apartments

Past ProjectsBy KellyFebruary 23, 2024
  • 6719–6731 SE 82nd Ave, Portland
  • 20-Unit Apartment Complex
  • Acquired in 2021
  • Purchase Price: $2,400,000
  • Original Gross Income: $255,963
  • Current Gross Income: $316,344
SMI Fund Management - Sunset Villa Apartments - 360 S Locust St, Canby, OR 97013
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Sunset Villa Apartments

Past ProjectsBy KellyFebruary 23, 2024
  • 360 S Locust St, Canby
  • 16-unit apartment complex
  • Acquired in 2021
  • Purchase Price: $2,375,000
  • Original Gross Income: $215,139
  • Current Gross Income: $255,540
SMI Fund Management - Silverleaf Apartments - 3414 30th Ave NE, Salem, OR 97301
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Silverleaf Apartments

Past ProjectsBy KellyFebruary 23, 2024
  • 3414–3458 30th Ave NE Salem
  • 18-unit apartment complex
  • Acquired in 2019
  • Purchase Price: $1,900,000
  • Original Gross Income: $189,972
  • Current Gross Income: $262,080
SMI Fund Management - Timbermill Self Storage - 225 E. Airport Rd Lebanon, OR 97355
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Timbermill Self Storage

Past ProjectsBy KellyFebruary 29, 2024
  • 225 E. Airport Rd Lebanon
  • Light industrial redevelopment to 425 storage pods
  • As-Is Appraised Value: $2,280,000
  • Total Development Costs: $2,907,250
  • As-Completed Appraised Value: $13,250,000
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Legacy Fund

SMI Legacy FundBy KellyDecember 22, 2023
  • Long-term Real Estate Investment Opportunity
  • Invest cash
  • Contribute existing real estate on a tax deferred basis, i.e. similarly to a 1031 Exchange
  • Investing provides the four economic benefits of real estate ownership
SMI Fund Management - Hickory Lakes Apartments - 305 E. Airport Rd., Lebanon, Oregon 97355
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Hickory Lake Apartments, LLC

OfferingsBy KellyOctober 27, 2023

CLOSED

  • 60 Units New Construction with Diverse Unit Mix
  • 5‑Year Targeted Holding Period (Q1 2024 – Q4 2028)
  • $50,000 Minimum Investment
Portfolio - SMI Fund Management - 620 SW 2nd Ave, Corvallis
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363 SW B Ave, Corvallis

GeneralBy KellyJune 7, 2023
  • 6‑unit multifamily
  • Year acquired: 2023
  • Contributed value: $770,000
Portfolio - SMI Fund Management - 380 SW Tunison Ave, Corvallis
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380 SW Tunison Ave, Corvallis

GeneralBy KellyJune 7, 2023
  • SOLD via 1031 Exchange
  • 4‑unit multifamily
  • Year acquired: 2023
  • Contributed value: $650,000
SMI Fund Management - 750 E. Street Lebanon
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750 E. Street, Lebanon

GeneralBy KellyJune 7, 2023
  • Value-Add Purchase
  • 26-unit garden style multifamily
  • Year acquired: 2023
  • Purchase price: $2,625,000
  • Seller carry, 75% LTV, 5.0% Interest-Only
Portfolio - SMI Fund Management - 1267 SE Holman, Dallas
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1267 SE Holman, Dallas

GeneralBy KellyJune 7, 2023
  • 6‑unit multifamily
  • Year acquired: 2023
  • Contributed value: $1,030,000
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© Copyright SMI Fund Management. This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities in the Company or any related or associated company. All offers and sales of any securities will be made only to Accredited Investors through a Confidential Private Placement Memorandum and any exhibits and attachments thereto (collectively, the “PPM”). This communication is not the PPM, and is not intended nor shall it be construed to be an offer to sell any securities. No PPM will be presented to you unless and until SMI Fund Management has first been able to validate your status as an Accredited Investor. Prior to subscribing, each investor must receive, read and fully understand the PPM which contains important disclosures, financial assumptions and risk factors, including, but not limited to, those risks set forth in the section of the PPM entitled “Risk Factors.” Past performance of SMI Fund Management’s sponsored investments may not be indicative of future results. (hyperlink) Website and Investor Portal-Terms of Use
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