Exclusive 2026 Share Discount Purchase Program
Click here to access our Ginkgo REIT share discount presentation.
View Ginkgo REIT – 8th and 9th PPM Supplement.
Limited Opportunity to Purchase Shares Below Current NAV
Ginkgo REIT is pleased to introduce a limited-time opportunity (up to $12.5M) to purchase shares at a discounted price relative to current Net Asset Value (NAV).
Discounted 2026 purchases carry a 3-year vesting period. Early sale of any position results in a 1-for-1 forfeiture of discounted shares.
Current Offering Terms
- Share Purchase Price: $120
- Current NAV Per Share: $130
- Discount to NAV: 7.7%
- Effective Annualized Distribution Rate: 5.7%
- Dividend Reinvestment Available at 5% Discount Through 2026
- Next Closing Date: July 1, 2026
Limited Availability
Total program size of only $12.5 million. To ensure fairness and broad participation:
- Current investors receive priority access
- New allocations are currently limited
Once capacity is reached, subscriptions may be paused or waitlisted.
Overview
Ginkgo REIT, Inc. (“GREIT,” the “REIT,” or the “Fund”) is focused on purchasing, upgrading, and managing apartment communities that target the rental workforce (jobs found in government, retail, entry level, lower to middle management). The Fund is focused on the growth markets of the southeast and anticipates the purchase or contribution of many of the existing assets currently managed by Ginkgo Residential for partnerships that have completed renovation plans, increased rents, and are seeking to retain ownership of stabilized properties.
Business Plan
GREIT seeks to produce long-term, stable returns through the ownership of a portfolio of multifamily communities.
This Fund aims to invest in existing multifamily communities, typically constructed before the 2000s. These well-maintained properties offer opportunities for significant value-add and renovations. Enhancing cash flows is a priority, achieved through improvements to interiors, exteriors, and infrastructure. Such improvements decrease operating costs and utility expenses paid by residents, extend the economic and useful life of the communities, improve resident retention, and generate rent growth.
The Fund seeks to maintain a debt leverage of less than 70% of the fair market value (FMV) of the REIT’s assets. This approach provides the potential for enhanced dividend benefits to shareholders and mitigates risk during adverse operating conditions.
About the Manager
Ginkgo Residential LLC externally manages the REIT. Through separate contracts, it acts as the REIT’s Advisor and also serves as the property manager for each of its communities.
The Ginkgo Residential management team has a proven record of providing safe, affordable housing and delivering returns to investors. From 1997 to 2007, the Advisor, formerly known as BNP Residential Properties, Inc., achieved a 394% return for investors, compared to the S&P 500’s 286%, making it the second-best performing multifamily company during its public listing. In 2010, the team shifted focus to acquiring and upgrading older properties through “value-add” workforce housing projects. From March 2011 to June 2024, Ginkgo acquired over 9,000 apartments in North Carolina, South Carolina, and Virginia, with more than 4,392 units fully recapitalized or contributed to Ginkgo REIT.
Ginkgo REIT is structured as an umbrella partnership, with Ginkgo Multifamily OP LP serving as the REIT’s operating subsidiary (“UPREIT”). While the REIT primarily seeks cash investors through share sales, it can also raise capital by accepting property contributions to the operating partnership in exchange for operating partnership units issued to sellers instead of cash.
Over 35% of the REIT’s total equity, amounting to $75 million, is held by employees, their family members, and Board members.
Ginkgo REIT is audited by Grant Thorton LLP.
Financials
GREIT’s hybrid investment model includes owning communities through both wholly owned and joint venture agreements. Joint ventures allow shareholders to participate in outsized returns through our General Partnership (GP) position when certain investment thresholds are achieved.
Ginkgo REIT maintains a strong balance sheet with 60% LTV and less than 5% of debt maturing in 2024. Anticipating rising rates in 2020 and 2021, management locked in low rates on nearly all consolidated assets, protecting against rising debt costs and achieving balance sheet gains.
Market Overview & Opportunity
Ginkgo REIT owns and manages 1% of the total housing supply in the Carolinas, amounting to 7,458 units, and is actively expanding its footprint.
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- Location: North Carolina has become a top destination for people relocating from other parts of the country thanks to its major cities, temperate weather, elite educational institutions, and easy access to beaches and mountains. Over the past decade, more than one million people have moved to the state. Ranked America’s Top State for Business in CNBC’s 2022 and 2023 studies, North Carolina boasts a robust economy and growing companies, attracting workers nationwide. South Carolina’s GDP is approximately $300 billion, ranking 26th in the U.S. Major industries include aerospace, automotive, and advanced manufacturing. The state has a population of over 5 million residents, growing at a rate of 1.3% per year.
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- Homeownership: Purchasing a house is becoming increasingly difficult due to rising interest rates and property values. The average 30-year fixed mortgage rate has increased to around 7% mid 2024 from about 3% in early 2021. Median home prices have surged over 30% in three years, reaching over $400,000. Despite a 10% rise in household incomes, they haven’t kept pace with home prices and interest rates, leading to a drop in the Housing Affordability Index. Consequently, down payments and monthly mortgage payments have nearly doubled, making it harder for households to afford homes.
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- Multifamily Debt Maturities: Multifamily sales volume reached all-time highs in 2021 and 2022 (with North and South Carolina Multifamily volume reaching $38Bn in the two years combined), with many firms acquiring assets at low cap rates using short-term debt at low interest rates. As short-term interest rates have continued to rise, heavily leveraged multifamily syndicators are struggling with higher interest payments that their assets cannot cover. The high level of debt is not easily replaceable, and anticipate some forced selling to occur starting in the late first and early second quarter of 2024.
Capital Investment Strategy
After the acquisition, the Ginkgo team prioritizes enhancements to the community, emphasizing ESG-oriented improvements. These upgrades encompass everything from curb appeal to interior walls and common areas. Ginkgo invests in water management, exterior finishes, deferred maintenance correction, energy conservation, and upgrades to common areas, including amenities and clubhouses.
As a vertically integrated platform, Ginkgo provides in-house property, asset, and construction management, which gives it a significant operational advantage.
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- Rent Growth & Operations: Operating performance strengthened throughout 2025, with portfolio NOI increasing more than 15% year-over-year, driven by improved occupancy, disciplined expense management, and continued renovation premiums across the portfolio. Average rents remained supported by strong demand across the Carolinas, while AFFO per share increased nearly 20% through Q2 2025.
- Occupancy: Portfolio occupancy improved during 2025 as leasing fundamentals stabilized across key Carolina markets. Ginkgo’s diversified footprint across Charlotte, the Triangle, and the Triad helped support resilient performance despite continued multifamily supply deliveries and competitive rental inventory. As of mid-2025, the portfolio totaled approximately 6,863 units across wholly owned and joint venture communities.
- Capital Expenditures & Balance Sheet: Ginkgo continued investing heavily into value-add renovations, deferred maintenance, and community enhancements designed to drive long-term rent growth and resident retention. The company also completed significant refinancing activity during 2025, lowering its weighted average interest rate to approximately 4.87% while increasing fixed-rate debt exposure to nearly 70% of the portfolio.
Historical Performance
Since inception (July 2019) through May 1, 2026 our REIT investors’ average annual return and total return have been 10.5% and 99.0%, respectively.
The REIT’s dividend is $0.57 monthly (5.26% annualized).
It’s important to note that past performance is not indicative of future results.
Liquidity & Fees
| Advisor Fees |
| Capital Raising: |
0% commission* |
| Asset Management: |
1.25% of NAV |
| Property Management: |
4.5% of collections |
| Construction Management: |
6% of the capital plan |
| Acquisition & Disposition Fee: |
1% of purchase/sale price |
Redemptions are limited and subject to a declining discount during the first 5 years of an investor’s holding period.
Dividend Reinvestment is optional, but mandatory for capital accounts less than $100,000.
* The REIT may, in its sole discretion, choose to pay a placement fee to approved and accepted third party equity providers. Refer to Offering Memorandum for additional information.
Documents
Investor Packet:
Supplemental Offering Materials:
