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The Criterion Fund
Sponsor

5.00

Actively Raising

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

Details

Assets Under Management$116M
Number of Deals Exited5
Average IRR49.69%
Average Equity Multiple1.41x
AAR11.00%

Deals
1

Deal Thumbnail

Cincinnati MSA, Kroger Shadow Anchored Value Add Center with 11%+ CoC

Target IRR22% - 23%
Minimum Investment$50,000
Hold Period3 years - 7 years
Close Date4/15/2025
Closed

Reviews
5

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highlighted review

RP

Robin Phelan

5.00

"Excellent"

These guys know what they're doing. Very professional. Easy to communicate with. Low key, no pressure to invest. Results have been excellent. I'm extremely satisfied.

NS

Neal Stenzel

5.00

"Pleased with Criterion Results and Experience"

I have worked closely with key members of Criterion's management team since 1995 (well before Criterion was formed) and therefore, I trust them. In addition to being talented, experienced and successful, they are honest and responsive. I have been working with Criterion since 2020. Over the years, I have invested in 3 separate fund groups so that I could compare the financial returns and related experiences. I have invested in 11 different Criterion sponsored deals. One of my Criterion investments finished far better than I had expected. Most are performing about as promised and one was somewhat less than we had hoped for, however, I have never lost any of my invested capital. The executives at Criterion are very responsive when I have questions, comments and/or concerns. The team at Criterion has performed better than the other 2 investment/fund groups that I have invested with over the past five years AND I have more confidence that the current Criterion Investments will generate more positive and healthy returns than either of the other two groups. I would have zero hesitation recommending Criterion to a potential investor. Neal

Verified Investor

5.00

"Trusted firm with open communication."

I have invested in many funds from Platforms... what I didn't like was the ability to contact them before, during, and after the investment. I have had investments go wrong and it's a black box to get any info on the project/investment. I met Andy at his previous firm and he listed his cell number in one of the emails. I contacted him and he picked up! From there on we have been in touch and I followed him to Criterion. I like the quarterly newsletters, the web portal, Andy's YouTube analysis of the deals, and I met him in person. I have known Andy for 4 years and feel very comfortable investing with the Firm. I'm in 5 investments, 1 exit. 3 are long-term (3+ years) deals with quarterly income which I like.

Verified Investor

5.00

"Great growing company and EXCELLENT Communication!"

I have been with these guys a few years, and they have been great! Incredibly transparent and their communication is the best out of any sponsor I have been with. Very rarely do I not get a response same day (whereas most sponsors take days, or ignore you all together). They put out a monthly newsletter with quick updates on all projects. As an investor I actually feel appreciated no matter how small or big my investment may be -- and that is also rare. Really enjoy working with these guys. They also put out fun and informative content via their weekly podcast on Youtube (@TheCriterionFund) -- be sure to check them out and see for yourself! -Rich

JM

Jake McCoy

5.00

"Criterion Success "

Excellent experience with these guys. Andy Thelen working a deal is like George Washington crossing the Delaware. Unphased and committed to achieving success. Highly recommend