Encore Capital Management

Encore Capital Management is a diversified, multiple fund, real estate investment and development firm. Encore utilizes its breadth of experience and specialized expertise across a targeted range of investment platforms. Encore is a vertically integrated firm with land acquisition, entitlement, development, construction sales and marketing capabilities in-house. Encore operates two opportunistic funds and one private REIT with nearly $2B AUM. Encore is developing over 20,000 rental apartments, homes for sale, and residential lots with sell out revenue of approximately $4 billion. Encore assets under management are approximately $2 billion with committed equity in excess of $1 billion. Encore currently has investments in Miami, Orlando, Jacksonville, Tampa, Los Angeles, San Diego, Sacramento, San Francisco, Portland, Jersey City, and Phoenix. Encore seeks attractive returns in distressed and opportunistic residential real estate investments that do not rely on a recovery in U.S. housing. In concert with seeking attractive returns, Encore prioritizes capital preservation through strategies that provide downside risk protection. Encore's investment process includes the following: Identify select target zip codes Source distressed, opportunistic, and off-market investment opportunities Underwrite conservatively to manage risk Leverage residential development and construction experience to monetize assets Encore Housing Opportunity Funds I & II are closed to new investors. Please see disclosures below.