INVESTMENTS
Explore 18Sixty Projects
Past Investment Portfolio
At 18Sixty, we don’t evaluate ourselves based solely on the performance of investments. Instead, we like to look at the bigger picture. Since inception, we have not had a single unplanned capital call to our co-investors, and our worst-performing investment is projected to have a positive 6.1% IRR. We believe that our performance is due in large part to the fact that our management team puts a strong emphasis on risk-adjusted returns, not total returns. Our extensive vetting process is designed to find opportunities with both the potential for high returns and a high likelihood of success, though we can not guarantee that our historical successes are indicative of future results.
CRE Investment - Atlanta, GA
Lacota
A multifamily community in the Dunwoody submarket of Atlanta, executed with a joint venture partner. The asset experienced operational challenges that underscored the importance of having the flexibility and patience to stay in a project through difficult periods before exiting. Lacota has delivered a 13.4% net IRR and 2.5x net equity multiple over a seven-year hold.
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CRE Investment - Indianapolis, IN
Fountain Square Theatre Building
A historic mixed-use acquisition and reposition in the Fountain Square neighborhood of Indianapolis, executed with a joint venture partner. 100% of original equity has been returned through a strategic refinance, and the asset continues to operate in an irreplaceable location. The project has delivered a 15.6% net IRR and 2.8x net equity multiple over a seven-year hold.
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CRE Investment - Fishers, IN
Spark
A ground-up multifamily community in Fishers, Indiana, developed with a joint venture partner. Spark has been refinanced with over 100% of original equity returned and continues to operate and cash flow as a stabilized hold. The asset has delivered a 37.2% net IRR and 2.6x net equity multiple over a seven-year hold — one of our strongest performers.
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CRE Investment - Carmel, IN
12821 E. New Market
An office building acquisition in Carmel, Indiana, negotiated directly with the lender during a foreclosure process. We partnered with a joint venture co-investor to acquire the asset at a basis well below market, then held the stabilized position for a decade. The deal delivered a 13.4% net IRR and 2.2x net equity multiple with zero leverage.
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CRE Investment - Kansas City, MO
Crossroads West Side
A ground-up multifamily development in Kansas City, executed with a joint venture partner. We held the asset for nearly nine years and exited at a 2.3x net equity multiple and 10.1% net IRR. The long hold reflected a deliberate decision to let the submarket mature rather than force an exit in a softer window — and the result rewarded that patience.
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CRE Investment - Ft. Wayne, IN
Oak Street / Humana MOB
A small medical office acquisition and reposition in Fort Wayne, executed with a joint venture partner. The result was driven by a deeply discounted basis at acquisition, a credit tenant on the lease, and a patient hold through a refinance that returned the original equity in full. Oak Street delivered an 87.2% net IRR and 4.5x net equity multiple — our strongest risk-adjusted return to date.
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CRE Investment - Speedway, IN
Founder’s Square
A retail land development in Speedway, Indiana, executed alongside a joint venture partner. We held an unlevered position for over five years and exited at a 1.5x equity multiple and 19.8% net IRR. The transaction required patience and deliberate planning — hallmarks of land development done right.
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CRE Investment - Indianapolis, IN
The Otis at Fort Ben
A ground-up multifamily community on the former Fort Benjamin Harrison campus in northeast Indianapolis, developed with a joint venture partner. The Otis was our first Qualified Opportunity Zone project, structured with a tax-advantaged 10-year hold. The asset has been refinanced with over 100% of original equity returned and continues to operate as a stabilized cash-flowing project, delivering a 24.8% net IRR and 3.0x net equity multiple.
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CRE Investment - Noblesville, IN
Levinson Apartments
A ground-up multifamily community in Noblesville, Indiana, developed with a joint venture partner. The asset has been refinanced with over 100% of original equity returned and continues to operate as a cash-flowing stabilized project. Levinson has delivered a 21.0% net IRR and 2.5x net equity multiple over a seven-year hold.
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CRE Investment - Plainfield, IN
Barlow Apartments
A ground-up multifamily community in Plainfield, Indiana, developed with a joint venture partner. The asset has been refinanced with over 100% of original equity returned and continues to operate as a stabilized hold with positive cash flow. Barlow has delivered a 22.6% net IRR and 2.4x net equity multiple over a seven-year hold.
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CRE Investment - Chicago, IL
3264 Clark
A mixed-use acquisition and reposition in Chicago, executed with a joint venture partner. The asset continues to operate as a stabilized hold following a solid cash-out refinance. The project has delivered a 6.1% net IRR and 1.4x net equity multiple over a seven-year hold.
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CRE Investment - Indianapolis, IN
Nora Corners
A neighborhood shopping center on the north side of Indianapolis, acquired with a joint venture partner. The asset has been refinanced with more than 50% of original equity returned and continues to operate as a stabilized retail hold. The investment reflects our willingness to underwrite necessity-driven retail in strong demographic submarkets where tenancy and trade area support long-term cash flow.
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CRE Investment - Westfield, IN
Grandview
A ground-up 55+ multifamily community in Westfield, Indiana, developed without a joint venture partner. Initial lease-up has been measured, influenced by broader market supply dynamics across multifamily and single-family rental product in the local market. The project remains in active stabilization.
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CRE Investment - Valparaiso, IN
The Linc Apartments
A ground-up mixed-use development in downtown Valparaiso, Indiana, executed without a joint venture partner. Both the multifamily and retail components have leased strongly, with the project nearing stabilization. The Linc represents our conviction in well-located mixed-use product in emerging Indiana downtowns.
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CRE Investment - Noblesville, IN
Vista
A ground-up 55+ multifamily community on the riverfront in Noblesville, Indiana, developed with a joint venture partner. The project recently pivoted from its original 55+ positioning to traditional market-rate multifamily in response to leasing velocity and local demand dynamics. The repositioning reflects our ability to adapt strategy mid-project when the market signals warrant it.
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CRE Investment - Carmel, IN
Proscenium II
A ground-up mixed-use development in the City Center district of Carmel, Indiana, executed with a joint venture partner. The multifamily component recently completed lease-up, and approximately half of the retail space has been leased. The project sits in one of the most walkable and programmed submarkets in the Indianapolis MSA.
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CRE Investment - Augusta, GA
The Glen at Alexander
A value-add multifamily acquisition in Augusta, Georgia, executed with a joint venture partner. All units and common areas have been upgraded, though rent increases have not yet fully materialized to underwritten levels. Recently, occupancy has stabilized, new supply has subsided, and rents have begun to increase — likely extending the hold beyond the original five-year plan.
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CRE Investment - Fishers, IN
CityView
A ground-up luxury mixed-use community anchoring the east gateway to Fishers' Nickel Plate District, developed alongside a partner. Construction is underway on 190 residences, restaurant and retail space, and structured parking — all within walking distance of the Nickel Plate Trail and downtown plaza. CityView is one of the most prominent mixed-use developments in the Indianapolis MSA.
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CRE Investment - Zionsville, IN
Wild Air
A ground-up multifamily community in Zionsville, Indiana, developed with a partner and including 14,000 square feet of main-level retail. Wild Air began leasing in early 2026 with final construction scheduled for completion in late summer 2026. The project represents one of our largest single-asset positions and reflects our confidence in the Zionsville submarket.
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CRE Investment - West Lafayette, IN
The Montage
A ground-up multifamily community in West Lafayette, Indiana, developed alongside a partner as part of a Purdue University master plan adjacent to Purdue Research Park — the largest university-affiliated research incubator in the country. The Montage is structured as a Qualified Opportunity Zone investment with a 10-year hold horizon, and construction is currently underway.
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CRE Investment - Blue Springs, MO
Independence Health Retreat
A senior living land parcel in Blue Springs, Missouri, acquired alongside our partner on the North Kansas City deal. Deliberately smaller in scope and structured as an unlevered position, the transaction was designed to control future development optionality in the Kansas City MSA while limiting downside exposure.
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CRE Investment - Kansas City, MO
North Kansas City Health Retreat
A ground-up senior living development in the Kansas City market, executed alongside an operating partner. The transaction marked our entry into operator-intensive senior housing — a sector that demands different diligence rigor than conventional multifamily. We held the position for two and a half years and exited with a 20.5% net IRR.
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CRE Investment - Indianapolis, IN
Annex on 10th
A ground-up student housing development serving the IUPUI campus in downtown Indianapolis, executed with a joint venture partner. Annex on 10th extended our university-adjacent housing playbook from the Purdue market into Indianapolis, delivering a 32.6% net IRR and 2.7x net equity multiple over a three-and-a-half-year hold.
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CRE Investment - Indianapolis, IN
7901 Crawfordsville Road
An unlevered acquisition of a medical office building on the west side of Indianapolis. We deployed $3.5M of equity with zero leverage and exited in under eighteen months. The transaction reflects our willingness to underwrite shorter-duration acquisitions when pricing and tenancy support a defensible exit — and to move without leverage when the basis warrants it.
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CRE Investment - West Lafayette, IN
South Street Station
A follow-on student housing development to Grant Street Station at Purdue, executed on a smaller footprint. The deal reinforced our conviction that disciplined underwriting in university-adjacent markets could generate outsized risk-adjusted returns — a thesis South Street validated with a 42.9% net IRR and 2.4x net equity multiple over a two-and-a-half-year hold.
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CRE Investment - West Lafayette, IN
Grant Street Station
Our first ground-up student housing project at Purdue University, developed on a compact site within walking distance of campus. We underwrote the deal as sole equity investor — a $3.5M position in a $26.7M project — and the asset's performance validated our thesis on university-adjacent housing. Grant Street Station shaped every deal that followed.
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CRE Investment - St. Louis, MO
Hibernia Apartments
A ground-up mixed-use development in St. Louis, executed with a joint venture partner. The deal reflected our willingness to take development risk in a secondary market when the site economics, basis, and operating partner alignment supported it. We exited with a 14.6% net IRR and 1.6x net equity multiple over a three-year hold.
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CRE Investment - Mebane, NC
Stonebrook Apartments
A value-add acquisition and reposition of a multifamily community in Mebane, North Carolina, executed with a joint venture partner. The transaction reflected disciplined execution of a classic acquisition-rehab thesis: acquire below replacement cost, upgrade units on turnover, push rents, and exit during a favorable disposition window. Stonebrook delivered a 25.3% net IRR and 1.9x net equity multiple in three years.
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CRE Investment - Whitestown, IN
RPM Machinery
A build-to-suit light industrial development in Whitestown, Indiana, executed without a joint venture partner. RPM Machinery is a clean illustration of single-tenant industrial done patiently — modest leverage, a long hold, and a disciplined exit when the market repriced industrial in our favor. We held for six and a half years and exited at a 3.2x net equity multiple.
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CRE Investment - Cincinnati, OH
Provident Apartments
An acquisition and rehab multifamily development in Cincinnati, executed with a joint venture partner. The deal underperformed our base-case underwriting on rent growth and exit cap rates, and the lessons have directly informed how we diligence historic renovations in urban markets. Even outcomes that fall short of the plan sharpen the process.
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CRE Investment - Brownsburg, IN
Brownsburg Office Suites
A ground-up small-bay office development in suburban Indianapolis, built and operated alongside a joint venture partner. The project reflects our patience with operating product where stabilization tracks tenant demand rather than a forced sale timeline. We held for five years and exited with a 10.1% net IRR and 1.6x net equity multiple.
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CRE Investment - St. Louis, MO
Georgian Apartments
A ground-up multifamily project in St. Louis, executed with a joint venture partner. The result was a function of disciplined sizing, a strong local market, and a basis that provided a wide margin of safety at exit. Georgian delivered a 28.0% net IRR and 2.1x net equity multiple in under three years.
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