Active Investments
MIC-Partnered
Active Strategies
MIC-Partnered is our Co-GP and strategic partnership platform, selective partnerships with experienced sponsors where strategy and timing create differentiated opportunity, with cycle-aware strategies selected for where we are today in the market.
ACTIVE (Raising)
Highland Small Multifamily Fund III
Highland Partners
Value-add small multifamily acquisitions across Chicago, Salt Lake City, Tucson, and identified expansion markets. Class B/C properties acquired below replacement cost. $75M fund (MIC allocation: $25M). Minimum investment: $100,000. LP equity. Management fee: 1.0% per annum. Performance fee: 20% above 1.75x MOIC, 25% above 3.0x MOIC. Highland has completed 75+ acquisitions since 2020 through a vertically integrated operating platform. First Close: December 2026. Final Close: Q1 2027.
How To Invest
Accredited Investor Eligibility
MIC’s offerings are available to accredited investors as defined under SEC Rule 501 of Regulation D, generally, individuals with income exceeding $200,000 ($300,000 joint) in each of the two most recent years, or a net worth exceeding $1 million excluding the value of a primary residence.
Distribution Cadence
Distribution frequency varies by strategy. AVP II distributes quarterly, subject to available cash. Highland distributes semi-annually following the investment period. Specific terms for each offering are detailed in the Agora offering documents.