Pipeline

Deals we are watching.Discipline we are applying.

A live view of opportunities under evaluation, alongside a delivered operator track record and a deal we walked away from. Inclusion here is not a commitment to deploy, it is a commitment to underwriting honesty.

Active Pipeline · Under Evaluation

Opportunities under review.No capital yet committed.

Grade A glass office tower in Barsha Heights (Tecom), Dubai

Under Evaluation · Office · UAE

I-Rise Tower

◇ Barsha Heights (Tecom), Dubai, United Arab Emirates

Under Evaluation

A full-floor Grade A office opportunity spanning approximately 23,723 sq ft across 18 pre-split title deeds, delivered shell and core. Located in one of the few Grade A towers in the Tecom/Barsha Heights submarket.

This position would be held in the Income Fund.

Asset Type
Grade A office, full floor
Size
~23,723 sq ft across 18 pre-split title deeds
Location
Barsha Heights (Tecom), Dubai, UAE
Status
Under evaluation
Seller Context
Long-term family hold, board-exit-triggered unwind
Four adjoining warehouse units with high roller shutter doors in Dubai Investments Park

Income Allocation · Industrial / Logistics · UAE

Dubai Investments Park 1

◇ Plot 10, Dubai Investments Park 1, Dubai, United Arab Emirates

100% LeasedUnder Evaluation

Four warehouse units on Plot 10 in Dubai Investments Park 1, totalling 49,769 sq ft of built-up area with 9.4 metre ceiling heights suited to industrial and logistics occupiers. The position is fully leased on five-year contracted terms to FEDCO, Public Storage & Cargo, JEPCO, and Pattern General Trading, and sits within the Income allocation.

This position would be held in the Income Fund.

Allocation
Income
Asset Type
Industrial / Logistics, four warehouse units
Built-up Area
49,769 sq ft
Ceiling Height
9.4 meters
Lease Terms
5-year contracted terms
Occupancy
100% leased
Tenants
FEDCO, Public Storage & Cargo, JEPCO, Pattern General Trading
Target Gross Return
12%
Asset-level Debt
Zero
Contemporary ground-plus-five residential building in Dubai Land Residence Complex

Opportunistic Allocation · Residential · UAE

The DLRC Position

◇ Dubai Land Residence Complex, Dubai, United Arab Emirates

Under Evaluation

A residential ground-plus-five opportunity in Dubai Land Residence Complex, underwritten within the Opportunistic allocation. Entry is priced at AED 1,200 per sq ft against a sold exit basis of AED 1,600 per sq ft, on a short 18 to 24 month hold.

This position would be held in the Income Fund.

Allocation
Opportunistic
Asset Type
Residential, G+5
Entry Basis
AED 1,200 per sq ft
Sold Exit Basis
AED 1,600 per sq ft
Target Gross Return
~33%
Hold Period
18 to 24 months
Status
Under evaluation
Aerial view of a residential land parcel in a Dubai freehold corridor

Pipeline · Under Evaluation · Residential Land · UAE

Nad Al Sheba, Residential Land Parcel

◇ Nad Al Sheba, Dubai, United Arab Emirates

Under Evaluation

A residential land opportunity within an established freehold corridor. Currently under base case and downside underwriting. No capital deployed; no commitment made.

This position would be held in the planned Growth Fund (Phase 2), which has not started.

Asset Type
Residential land
Strategy
Hold / phased development
Stage
Underwriting, base case
Indicative Size
Confidential
Leverage
Zero
Red Sea coastline in Saudi Arabia, an emerging hospitality corridor

Pipeline · Under Evaluation · Hospitality / Mixed-Use · KSA

Red Sea Coastal, Hospitality Plot

◇ Western Province, Saudi Arabia

Under Evaluation

An early-stage hospitality and mixed-use opportunity along an emerging coastal corridor. In structuring review with regional partners. Subject to regulatory and zoning confirmations.

This position would be held in the planned Growth Fund (Phase 2), which has not started.

Asset Type
Hospitality / Mixed-use
Strategy
Build, full cycle
Stage
Structuring
Indicative Size
Confidential
Leverage
Zero

Details shown are project facts, not fund returns. Figures illustrate deal mechanics, not performance guarantees.

Committed & Under Construction

Capital deployed.Delivery in progress.

Projects where the sponsor has already committed and development is underway, ahead of completion and handover.

Majan G+9 residential apartments, Dubai architectural render at dusk

Under Development · Residential · UAE

Majan G+9 Residential Apartments

◇ Majan, Dubai, United Arab Emirates

Under Development · Committed

Overview

A ground-plus-nine residential apartment building comprising 92 units in Majan, Dubai, sponsored by Amin Enterprises and developed by Sakeenah Development. Capital is committed and construction is underway, with delivery targeted for Q1 2028.

A development position of this type would sit within the planned Growth Fund (Phase 2).

Key Metrics

Asset Type
Residential apartments
Configuration
G+9, 92 units
Location
Majan, Dubai, UAE
Status
Under construction, targeted delivery Q1 2028
Sponsor
Amin Enterprises
Developer
Sakeenah Development
Asset-level Debt
Zero

Past performance is not indicative of future results. Track record figures are unaudited.

Operator Track Record · Delivered

Deals we built and delivered.End to end.

Before the launch of 1971 Capital, Amin Enterprises was completing full-cycle real asset development. The following are delivered examples, included to demonstrate the operator standard, not the fund's performance.

Hampton Manor of Cape Coral, Florida entrance and signage

Track Record · Delivered · Healthcare / Senior Living · USA

Hampton Manor of Cape Coral

◇ Cape Coral, Florida, United States

Delivered · Operational

Overview

A premier assisted living and memory care facility developed from the ground up in Cape Coral, Florida. Fully delivered and operational. The project was partially sponsored by Amin Enterprises through its Build Senior Living platform, representing a complete development cycle from land acquisition through construction, licensing, and operational handover. This is the institutional discipline that 1971 Capital now applies to GCC real assets.

Work of this kind maps to the planned Growth Fund (Phase 2).

Key Metrics

Asset Type
Assisted Living & Memory Care
Development Type
Ground-up, full cycle
Location
Cape Coral, Florida, USA
Status
Delivered and operational
Operator
Amin Enterprises
US Licence Coverage
Title & escrow, 33 states

Past performance is not indicative of future results. Track record figures are unaudited.

Dubai South G+6 residential apartments exterior render

Track Record · Delivered · Build-to-Rent Residential · UAE

Dubai South G+6 Residential Apartments

◇ Dubai South, Dubai, United Arab Emirates

Delivered · Operational

Overview

A ground-plus-six residential apartment building comprising 62 units in Dubai South, sponsored by Amin Enterprises and developed by Sakeenah Development. Delivered as a build-to-rent asset and fully leased, generating stabilized rental income.

Work of this kind maps to the Income Fund mandate today.

Key Metrics

Asset Type
Residential apartments (build-to-rent)
Configuration
G+6, 62 units
Location
Dubai South, Dubai, UAE
Status
Delivered and operational, fully rented
Sponsor
Amin Enterprises
Developer
Sakeenah Development
Asset-level Debt
Zero

Past performance is not indicative of future results. Track record figures are unaudited.

Aurion Apartment Hotel, Al Madinah Al Munawwarah exterior at night

Track Record · Delivered · Growth Strategy · Hospitality · Kingdom of Saudi Arabia

Aurion Apartment Hotel, Al Madinah Al Munawwarah

◇ Al Madinah Al Munawwarah, Kingdom of Saudi Arabia

Delivered · Operational

Overview

A hospitality repositioning project executed under a growth strategy. The building's design and licensing were fully reworked to meet Saudi Ministry of Tourism specifications, resulting in two separate tourism accommodation facility licences covering the property's hotel and hotel-apartment components, issued under Commercial Registration No. 7044181357. This is the kind of execution risk the planned Growth Fund is designed to absorb: full redesign, full relicensing, full delivery. The property is now operational as a hotel apartment, listed as 'Aurion Apartment' on Booking.com.

Work of this kind maps to the planned Growth Fund (Phase 2).

Key Metrics

Asset Type
Hospitality / Hotel apartments
Strategy
Growth, full redesign and relicensing
Location
Al Madinah Al Munawwarah, KSA
Regulator
Saudi Ministry of Tourism
Licences
Hotel (Lic. #10013065, 19 rooms / 76 beds) and Hotel Apartments (Lic. #10013066, 19 rooms / 67 beds)
Status
Delivered and operational
Booking Channel
Booking.com, 'Aurion Apartment'
Asset-level Debt
Zero

Past performance is not indicative of future results. Track record figures are unaudited.

31912 Mound Rd office building exterior at dusk, Warren, Michigan

Track Record · Delivered · Commercial / Office · USA

31912 Mound Rd, Distressed Office Repositioning

◇ Warren, Michigan, United States

Delivered · Operational

Overview

A distressed office building acquired in 2018 for USD 400,000. Repositioned and stabilized, the asset now generates a 10% net yield, with current market value estimated at USD 1.2 million.

Work of this kind maps to the planned Growth Fund (Phase 2).

Key Metrics

Asset Type
Commercial office
Acquisition Basis
Distressed, 2018
Acquisition Price
USD 400,000
Current Net Yield
10%
Current Market Value
USD 1.2M
Asset-level Debt
Zero

Past performance is not indicative of future results. Track record figures are unaudited.

Discipline in Action · Deal We Refused

The most important deal we ever walked away from.

GCC Land Acquisition · February 2026 · Refused

Major GCC Land Acquisition, Passed. Then Refused.

Not Pursued

In late February 2026, before any regional geopolitical tension materialized, when the market was still calm, we were days from executing a major GCC real asset acquisition. The seller had agreed to our terms. The deal passed our base case underwriting.

It failed our downside model.

We walked away.

This was not a reaction to external conditions. It was pure underwriting discipline, applied at the moment it was most expensive to apply it. A deal that passes base case but fails downside or severe case does not meet our standard. It did not proceed. No capital was deployed. No exceptions were made.

Indicative Size

AED 183,000,000

Base Case

Passed

Downside / Severe

Failed

Decision

Did not proceed

"We don't start with IRR.We start with: how can this fail?"

Built to withstand volatility.Not to look good in a spreadsheet.

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Target returns are objectives, not guarantees. All investments carry risk of loss. U.S.: Regulation D Rule 506(c).