---
title: "Revitate Cherry Tree: 2022Q3 Portfolio Update"
description: Revitate Cherry Tree recently released an update on its portfolio performance through 2022 Q3.
image: https://info.rev-ct.com/hubfs/Fountainhead.png
---

[News](https://content.revitate.com/news/tag/news)

# [Revitate Cherry Tree: 2022Q3 Portfolio Update](https://content.revitate.com/news/2022q3-portfolio-update)

[![Chris Marsh](https://content.revitate.com/hs-fs/hubfs/RevCT-Team-Chris.png?width=40&height=40&name=RevCT-Team-Chris.png)](https://content.revitate.com/news/author/chris-marsh)

by [Chris Marsh](https://content.revitate.com/news/author/chris-marsh)

 1 min read

 Nov 30, 2022 9:58:18 AM

Revitate Cherry Tree recently released an update on its portfolio performance through 2022 Q3.

- 745 units acquired to date across five assets in Kansas, Missouri, and Indiana
- Total portfolio net operating income is exceeding underwritten pro-forma by 10.4%
- Current occupancy is 94.4% with very strong renewal rates on existing leases at 70.5%
- Lease-over-lease growth averaging 9.9% and renewals generating a 5.2% growth from prior leases 
- Investor distributions are expected to begin as early as Q1 of 2023

Revitate Cherry Tree Multifamily Fund I, L.P. will close on December 31, 2022.

 

[![Request Full Report](https://no-cache.hubspot.com/cta/default/20585525/fbbe83dd-7dd8-4c11-983d-84bd4e060cc2.png)](https://cta-redirect.hubspot.com/cta/redirect/20585525/fbbe83dd-7dd8-4c11-983d-84bd4e060cc2)

 

---

# Revitate Cherry Tree Multifamily Fund I, LP

Revitate Cherry Tree Multifamily Fund I, LP (the “Fund”) seeks to invest in multifamily opportunities which will generate a strong risk-adjusted return over a 5 - 7 year hold period. The primary focus of the Fund is Midwest Workforce Housing and Sunbelt Value-Add Multifamily with a target purchase price range of $10 to $40+ million.

[![Learn More](https://no-cache.hubspot.com/cta/default/20585525/e03ef775-c852-4c57-80f5-f4aa7e8b252f.png)](https://cta-redirect.hubspot.com/cta/redirect/20585525/e03ef775-c852-4c57-80f5-f4aa7e8b252f)

 

 

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