NH Multifamily Fund III
Last Updated for Q1 2026
vs prior quarter
75% deployed
Total budget $888K
vs prior quarter
Monthly report
Manager Commentary
NH Multifamily Fund III · March 2026
NH Multifamily Fund III closed Q1 2026 with 72 units across 13 properties in five New Hampshire cities. The portfolio is in active value-add execution, with several properties approaching stabilization while the balance remains in renovation and lease-up. Weighted average occupancy reached 92%, quarterly NOI grew 39% quarter-over-quarter to $164K, and capital improvements are 45% deployed against budget. With $984K in cash reserves, the fund is positioned to complete its renovation program and push occupancy toward the 95% stabilization target.
Viewing March 2026
Portfolio
By City
By size
Deployment
Portfolio map
Property list
39 Ashland St
Manchester · 6 units · Renovating & leasing
447 Manchester St
Manchester · 2 units · Renovating & leasing
457 Merrimack St
Manchester · 2 units · Renovating & leasing
604 Harvard St
Manchester · 3 units · Renovating & leasing
125 N Main St
Rochester · 5 units · Renovating & leasing
475 Manchester St
Manchester · 2 units · Renovating & leasing
16 Avon St
Manchester · 6 units · Fully occupied
9 Granite St
Nashua · 2 units · Renovating & leasing
25 Granite St
Nashua · 2 units · Renovating & leasing
48 Central St
Nashua · 2 units · Renovating & leasing
49 Bridge St
Nashua · 2 units · Renovating & leasing
108 & 112 Church St
Laconia · 8 units · Renovating & leasing
6 Page Rd
Litchfield · 30 units · Renovating & leasing
Equity Journey
Portfolio equity progress toward stabilized value
Net Operating Income
Quarterly NOI trending upward as properties stabilize
Portfolio Occupancy
Weighted average occupancy across all 72 units
Equity by Property
Current equity vs. stabilized equity target per property
Fund Growth
Capital deployment and portfolio scale since inception