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TF Management Group has decided to allocate more capital into hotel-to-multifamily conversions as part of its fund allocation strategy.

TF Management launched Tempo Growth Fund to focus on apartment-to-hotel conversions and other real estate strategies.  This fund started to raise capital in 2020 and is planning to close by Jan 2022. It will invest in multiple conversion opportunities, including two extended-stay Residence Inn conversions to housing in Winston-Salem, NC and South Bend, Ind., two Ramada Inn conversions in Mesa, Az., and New Braunfels, Texas, a Best Western hotel conversion in Longmont, Col., and a transformation of an office building to multifamily housing in downtown St. Louis (which is across from the Cardinals ballpark).

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