01 Off-Market Development & Opportunistic Acquisitions
Pursue selectively sourced development and acquisition opportunities where market dislocation or limited competition may support attractive entry pricing.
ICM U.S. Co-Investment Real Estate III LP (“USCI III”) is a private limited partnership focused on generating returns through the development of in-demand properties and the opportunistic acquisition of existing assets at attractive valuations resulting from capital market dislocation.

Building on prior U.S. co-investment success, USCI III targets high-growth Sun Belt markets and is structured with a shorter targeted term and a defined investment lifecycle.

USCI III represents ICM’s third U.S. co-investment real estate strategy, building on two predecessor funds that delivered strong performance across market cycles and property types.
Pursue selectively sourced development and acquisition opportunities where market dislocation or limited competition may support attractive entry pricing.
Focus on sectors supported by durable demand drivers and long-term demographic and economic trends.
Target high-growth markets and submarkets benefiting from sustained population and employment expansion.
Invest capital as pricing stabilizes following market corrections, positioning the portfolio ahead of the next growth cycle.
