USQ Core Real Estate Fund
USQIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- Sep 27, 2017
- CIK
- 0001691570
- Website
- americancentury.com
- Similar Companies
- Business
- USQ Core Real Estate Fund (USQIX) is a continuously offered, non-diversified, closed-end interval fund that provides investors with access to institutional-quality private real estate investments by allocating assets primarily to core private equity real estate funds comprising the NCREIF Fund Index-Open End Diversified Core Equity (NFI-ODCE) Index; these include low-leverage, equity ownership positions in stable, diversified U.S. operating properties across sectors such as office, industrial, retail, multifamily, and other commercial real estate. The Fund offers Class I shares (USQIX) with net expense ratio of 1.42% and Class L shares (USQSX) with net expense ratio of 1.70%, providing quarterly repurchase offers for at least 5% of outstanding shares at net asset value to offer limited liquidity, quarterly distributions, and diversification benefits with low correlation to public equity and bond markets. USQ Core Real Estate Fund targets registered investment advisors, high-net-worth individuals, and institutional investors seeking core real estate exposure as part of a broader portfolio allocation. Launched in 2017 and advised by Union Square Capital Partners, LLC (USQ), a subsidiary of Chatham Financial Corp., the Fund is headquartered in Kennett Square, Pennsylvania, with investment team leadership from Managing Director Thomas Miller in Kennett Square and Director Michael Achterberg in Los Angeles; USQ operates principally in the United States, focusing on domestic core real estate funds such as top holdings CBRE U.S. Core Partners LP (12.47%), Madison Core Property Fund LP (10.34%), and Clarion Lion Properties Fund LP (9.28%). In recent developments, USQ expanded its platform in August 2022 through the acquisition of management contracts for PREDEX, a real estate-focused interval fund, enhancing its interval fund offerings; the Fund exceeded $100 million in assets under management as of late 2021, reflecting early growth amid quarterly distributions at an annualized rate of approximately 4.16% since inception. Performance as of June 30, 2025, shows year-to-date returns of 0.47% for Class I shares, with since-inception annualized returns of 2.34%, though recent years reflect challenges with 1-year returns at 0.69% and 3-year annualized at -7.11%; additionally, effective October 2024, Class IS shares were redesignated as Class L shares with a 4.25% maximum sales load.