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STAR Evergreen Fund (Open) Single Tenant Active Return
Mission Critical Evergreen Fund

Invest in mission-critical single-tenant assets in secondary and tertiary markets to generate stable current yield and long-term value through active management.

Why Evergreen?
The Evergreen structure allows for constant portfolio optimization through management of lease duration, credit, tenant industry, and geography with continual opportunities to prune assets.

$10-$50 MM
Target Deal Size
$150 MM in 18 months;
$500 MM in 3 years

Target Equity Fund Size

The STAR Evergreen Fund offers investors access to invest in mission-critical corporate and government real estate focused within FD Stonewater’s primary investment strategies and captive pipeline from its development activities.

INDUSTRIAL – Logistics, manufacturing with a focus on growing supply chain hubs

R&D / SPECIAL USE – Design space, lab, and advanced manufacturing use

GOVERNMENT LEASED – Federal and state-leased assets (primarily developed by FD Stonewater)

OFFICE – Strategic, mission-critical office assets

STAR Evergreen Fund Key Benefits:

PORTFOLIO BENEFITS

  • Portfolio financing
  • Managed diversification
  • Cross portfolio incentive fee
  • Maintain investment level and benefit from compounding returns

TAX EFFICIENCY

  • Single K1
  • Select capacity to potentially invest through your IRA
  • Opportunities to defer capital appreciation

OTHER INVESTOR BENEFITS

  • Ongoing quarterly liquidity
  • Simplified reporting
  • No future funding capital calls
  • Optional distribution reinvestment

Why Invest with FD Stonewater?

Senior leadership team has a track record of success spanning nearly three decades
National capabilities with niche market focus
Proven investment track record with demonstrated metrics: 39.4% IRR and 2.4x EM across single-tenant investments
Access to captive pipeline and “first look” at deals from FD Stonewater development and investment strategies.
Active asset management approach generates outsized returns