Similar Sponsors
Details
Assets Under Management$116M
Number of Deals Exited5
Average IRR49.69%
Average Equity Multiple1.41x
AAR11.00%
5.00
Overview
The Criterion Fund is a real estate investment company focused on buying and adding value to community shopping centers in secondary markets across the country. We target centers with below-market rents, deferred maintenance, and other value-added opportunities we can use to create great value for our investors. In addition, we also participate in single-tenant net lease construction projects and sale leasebacks of assets in arbitrage opportunities. We look to remain nimble and opportunistic in the dynamic retail real estate market.
Address
13315 E 112th St N
Owasso,
Oklahoma
74055
Year Founded
2019
Operates In
Colorado
Florida
Georgia
Illinois
Kansas
Asset Classes
Retail
Accepted Investors
Accredited
Family Office
Institutional
Non-Accredited
highlighted review
Verified Investor
5.00
"Top Notch Sponsor "
I am a long term real estate investor with over 25 years of experience. I have worked with countless firms/funds/sponsors and syndicators. As such I believe it carries a lot of weight when I say my experience with The Criterion Fund and especially Andy Thelen has been top notch. They are hungry, find good deals with upside and deliver on them. I'm about to enter my 4th deal with them in less than a year and look forward to doing many more. I highly recommend this group.
Arpen Patel
5.00
"Great Experience"
I’ve had an outstanding experience with The Criterion Fund. Andy and his Team are professional, transparent, and highly knowledgeable. Their investment strategies are well researched, and I’ve seen consistent, strong returns that exceeded my expectations. The level of communication and support is top-notch—they keep investors informed every step of the way and are always available to answer questions. It’s clear that they prioritize trust and long-term success. If you're looking for a reputable sponsor with a track record of delivering great results, I highly recommend The Criterion Fund.
Brian Thelen
5.00
"Criterion Fund - Excellent Service, Communications and Results"
We've had the opportunity to invest in three separate Criterion Fund projects over the past 18 months. Criternion Fund representatives have always done a great job clearly communicating the project attributes in advance of our investments. The project descriptions and pro-formas are easy to understand and help us make good investing decisions. If unexpected surprises pop up prior to or during the investment lifespan (positive or negative) the team does a great job communicating in a timely and transparent manner. We have been very satisfied with the returns generated during our time with Criterion. IRR and cash-on-cash returns have hit or surpassed the targets established at time of investment, indicating the team does a great job managing the revenue, cost and investment aspects of each project. We've found the team to be very responsive to our questions and very helpful as we've performed our pre-investment due diligence activities. We'd highly recommend the Criterion Fund as an excellent source of real estate investment opportunities. We will continue to invest with the team and look forward to continued great results.
Verified Investor
5.00
"Outstanding "
I am currently investing with Criterion, and so far the returns match or outperform the expectations. Also the communication is outstanding. Andy is very available, and takes the time to answer every questions.
Cort Payne
5.00
"Extremely Helpful"
Andy was extremely helpful and presented several deals. He guided us in the right direction for our first one, which has performed very well. I am excited to continue to invest with them in future opportunities.
