Sculpted ivory eagle with a flowing American flag on rich navy
02 / Icon America High Yield Funds

Built around income. Managed for growth.

Two distinct private real estate strategies in student housing and multifamily communities: an income-oriented fund built on operating properties, and a growth-oriented fund built on development and major property improvements.

Two strategies. A shared purpose.

Two funds, one team

Explore an income-oriented approach, a growth-oriented approach, or how the two may complement one another.

Income-oriented strategy

Icon America Stabilized
High Income Fund LP

An emphasis on operating properties, ongoing income and improvements that build long-term value.

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Strategy at a glance
  • Primary objective

    Income with long-term value creation

  • Property approach

    Stabilized student housing and multifamily communities

  • How value is pursued

    Property operations, targeted upgrades and active management

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Growth-oriented strategy

Icon America High Yield
Fund Two LP

An emphasis on development and major property improvements, with long-term growth as the objective.

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Strategy at a glance
  • Primary objective

    Long-term capital growth

  • Property approach

    Development and major value-add opportunities

  • How value is pursued

    Construction, repositioning and redevelopment

Request the Growth Fund overview
Tree-lined residential community featured in Icon's property gallery
A community featured in Icon’s property gallery.
01 / Icon America Stabilized High Income Fund LP

Built around income.
Managed for value.

An operating-property strategy centered on student housing and multifamily communities. The approach brings together property management and improvements designed to strengthen the resident experience and asset performance.

  • Established student housing and multifamily assets
  • Active operations and targeted property improvements
  • An emphasis on income and long-term value
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Rooftop pool deck and residential buildings from Icon's property gallery
Portfolio photography illustrates Icon’s real estate experience.
02 / Icon America High Yield Fund Two LP

A longer view.
A growth-focused approach.

A strategy focused on ground-up development and major value-add projects. The objective is to create value through the planning, improvement and repositioning of real estate over time.

  • Development and substantial property improvements
  • A focus on the potential of each site and community
  • A longer-term perspective on capital growth
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What to expect

Requesting fund
information

Each fund is offered only through its applicable offering documents, which describe the strategy, terms, fees and risks in full.

When you request fund details, a member of our team will contact you to understand your goals, confirm suitability, and share the appropriate materials. Investment objectives are not guarantees, and real estate investments involve risk, including illiquidity and possible loss of principal.

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Let’s start a conversation

Your goals.
Our next conversation.

Income, growth, or both. Tell us a little about your situation and our team will review your inquiry and contact you.

This website is for informational purposes and does not constitute an offer to sell or a solicitation to buy securities. Any offering is made through its applicable offering documents. Investment objectives are not guarantees. Real estate investments involve risk, including illiquidity and possible loss of principal. Past performance does not guarantee future results. Tax treatment depends on individual circumstances. Consult your tax, legal and financial advisers. Portfolio photographs illustrate Icon’s experience and do not identify assets held by any fund. University logos identify geographic markets and do not imply affiliation or endorsement.