8% Preferred Return* - Debt Free Offering

The Multifamily Income Fund 28, LLC is focused on acquiring and actively managing a diversified portfolio of debt-free multifamily assets across multiple U.S. markets that have value-add potential through physical renovations and/or operational improvements.


  • All-Cash/Debt-Free
  • 8% Preferred Return*
  • Targeted Monthly Distributions
  • Offering Size: $100,000,000
  • Minimum Investment: $100,000
  • Accredited Investors Only - Regulation D, Rule 506c


  • Preservation of capital
  • Capital appreciation
  • Current monthly distributions
  • Assemble a portfolio of primarily All-Cash/Debt-Free Multifamily real estate
  • Diversification
  • Tax advantages flow through to investors to provide shelter to potential income stream
  • 8% preferred return*
  • Accredited Investors Only - Regulation D Rule 506c offering

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*Diversification does not guarantee profits or protect against losses. *Preferred return is not guaranteed and is subject to available cash flow. This offering is available to Accredited investors only and made available under Regulation D Rule 506c. This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the PPM). Please read the entire PPM paying special attention to the risk section prior investing. This material contains information that has been obtained from sources believed to be reliable. However, Kay Properties, LLC, FNEX Capital, and their representatives do not guarantee the accuracy and validity of the information herein. Investors should perform their own investigations before considering any investment. This material is not intended as tax or legal advice. There are material risks associated with investing in real estate, Limited Liability Company owned (LLC) properties, LLC interests, promissory notes, and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and net leased properties, short term leases associated with net leased properties after the primary lease term has decreased, financing risks, potential adverse tax consequences, general economic risks including the effects of pandemics and civil unrest, development risks and long hold periods.