Residential Healthcare Real Estate
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Diversified Fund
Open for ReservationsAccredited investors only

Rocfey Diversified Care Housing Fund I

Minority interests in healthcare-converted residential properties · Southern California focus

Fund summary
StrategyMinority interests in healthcare-converted residential properties
Target fund size$8M–$12M
Minimum investment$50,000
Target net IRR13–17%
Target cash yield7–10%
Target properties8–15 properties
Target hold5–7 years
EligibilityAccredited investors only
Subscription statusOpen for Reservations
Reserve / request to invest

Investment opportunities are available only to accredited investors where permitted by law. All investments involve risk, including possible loss of principal.

Investment strategy

The fund seeks to acquire minority interests in a diversified pool of residential healthcare real estate assets originated by Rocfey. These assets may include homes converted or leased for RCFE, CLHF, ALW-supported housing, behavioral health, senior care, and related healthcare residential uses. The objective is diversified exposure across operators, geographies, and care use cases, rather than concentration in any single property.

Portfolio construction

Target allocation (illustrative) across the portfolio:

RCFE / senior care homes40%
CLHF / high-acuity care homes25%
ALW-supported care homes20%
Behavioral health / specialty residential15%

Allocations are targets only and may change as the portfolio is constructed.

Acquisition model

Rocfey may originate property opportunities and negotiate option-based acquisition rights, purchase rights, or minority-interest acquisition rights at a sponsor-originated acquisition basis - for example, fair market value before buildout plus construction costs. The fund may acquire these Rocfey-originated portfolio interests after plan approval, after buildout, or after tenant stabilization, depending on the property.

Where the fund acquires interests from Rocfey or its affiliates, any acquisition price, embedded acquisition spread, related-party relationship, and valuation methodology are intended to be disclosed.

Related-party transaction & conflict-of-interest disclosure

Because Rocfey may act as originator, sponsor, and manager, acquisitions of Rocfey-originated interests are related-party transactions and present conflicts of interest. The acquisition basis may exceed Rocfey’s cost, creating an embedded acquisition spread that benefits Rocfey. Third-party valuation support may be used. These matters are described in the offering documents.

Sponsor economics & fee structure

Rocfey may earn asset management fees, acquisition and disposition fees, an embedded acquisition spread where applicable, and potential sponsor promote / carried interest.

Asset management fee1.0%–1.5% annually
Acquisition fee1.0%–2.0% of acquired asset interest
Disposition feePlaceholder - disclosed in offering documents
Promote / carried interestPlaceholder - disclosed in offering documents
Sponsor acquisition spreadDisclosed where applicable (embedded acquisition spread)
Third-party valuation supportRecommended where applicable

Illustrative / subject to offering documents

Target returns

Target net IRR
13–17%
To investors, illustrative
Target cash yield
7–10%
After stabilization

Targets are illustrative and not guaranteed. Distributions are not assured and depend on portfolio performance.

Governance & valuation

Independent valuation support

Third-party valuation support may be used to support the basis at which interests are acquired and carried.

Related-party transactions

Acquisitions of Rocfey-originated interests are related-party transactions and are disclosed as such, including any embedded acquisition spread.

Investor reporting

Reporting is expected to include property-level updates across the underlying portfolio.

NAV methodology

The fund’s net asset value methodology is intended to be documented and applied consistently.

Sponsor conflicts

Conflicts of interest arising from Rocfey acting as originator, sponsor, and manager are disclosed.

Investment committee

An investment committee review process is contemplated (placeholder).

Risk factors
Illiquidity
No guarantee of distributions
Minority ownership risk
Operator default risk
Healthcare regulatory risk
Licensing risk
Reimbursement risk
Construction / buildout risk
Related-party transaction risk
Valuation risk
Real estate market risk
Concentration risk despite diversification
Financing / refinance risk

Documents

Available to verified, accredited investors after sign-in. Placeholders shown.

Private Placement Memorandum
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Subscription Agreement
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Operating Agreement / LPA
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Investor Questionnaire
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Risk Disclosures
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Fund Presentation
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Quarterly Reports
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Tax Documents / K-1
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Investor updates

Reservations open2026-06-20

The fund is open for non-binding reservations from accredited investors ahead of the first close. Offering documents are in preparation.

Pipeline identified2026-06-02

An initial pipeline of Rocfey-originated candidate properties has been identified for portfolio construction.

Target portfolio mix
RCFE / senior care homes40%
CLHF / high-acuity care homes25%
ALW-supported care homes20%
Behavioral health / specialty residential15%

Investment opportunities are available only to accredited investors where permitted by law. All investments involve risk, including possible loss of principal. Target returns are illustrative and not guaranteed. Fund terms are subject to final offering documents.