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About Sponsor

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Meet the Sponsor: Red River Holdings

Narrate’s investment thesis is intentionally structured around creating value, producing strong stabilized cash flows, and operated under a well-defined ownership strategy. We focus on often under-performing workforce housing properties in select major metropolitan markets with strong fundamentals.

Management Team

RYAN WATTS​

Managing Partner

Prior to co-founding Red River, Ryan Watts founded Springbok Energy Partners, an oil and gas investment firm focused on investing in royalties. Ryan focused primarily on investment sourcing and capital formation, successfully raising 5 separate private equity partnerships. Springbok and its related entities invested more than $200 million into oil and gas royalty assets over the last ten years and completed over 13,000 individual oil and gas real property acquisitions. In early 2020, Ryan oversaw the sale of Springbok’s portfolio to a publicly traded strategic buyer.

Ryan’s focus at Red River is land acquisition, deal structuring, and corporate strategy. When he’s not assisting the operations team at Red River, Ryan serves on the board of directors for Lakeside Bank and enjoys playing tennis, golf, coaching youth sports, and spending time with his wife and two sons.

Jay Dempsey

Managing Partner

After graduating from Southern Methodist University, Jay Dempsey spent 10 years in commercial banking / investment banking before forming his first real estate development company, Civitas Senior Living. By expanding and developing their real estate portfolio, Jay was able to take the company from one building in East Texas to 60+ buildings and $2B in portfolio value in 7 states in only 8 years.

At Red River, Jay works with the operations team and helps with capital formation and investor / bank relationships. When he’s not solving problems and creating strategies at Civitas and Red River, Jay enjoys playing golf, tennis, and spending time with his wife, daughter, and son.

Steven Watts

Managing Partner

Steven Watts has undergraduate and graduate degrees from University of Oklahoma and Oklahoma State University. He founded Rose Rock Development Partners (RRDP), a multifamily development company that redeveloped, owns, and manages three historic redevelopment projects in Tulsa, totaling 180 total multifamily units and $40 million in value. RRDP has 520 multifamily units under development in Tulsa and Oklahoma City totaling approximately $100 MM in value.

Prior to founding Rose Rock, Steven worked for an Oklahoma based development, construction, and engineering company where he was responsible for identifying and executing real estate development projects. Steven initiated and completed approximately $90 MM worth of new development and redevelopment projects in the region ranging from multifamily to hospitality. When Steven is not developing real estate or serving in his community, he likes to spend time with his wife and two daughters.

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Our Funds & Projects We’ve Invested In

The investments on this page are a brief overview of our current and past funds and do not constitute an offer. Please consult with your financial advisor or CPA to see if our funds might be a good fit for you and book a time with our Investment Relations Team so we can answer any questions.

Trulo Homes, Oklahoma City, OK

A Trulo home offers many of the same amenities you’d expect from a luxury living community, within your own private home. Whether you opt for a roomy 1, 2, or 3-bedroom floor plan, you’ll also get a private, maintained yard that family and pets will love as you become part of a warm, inviting community.

Asset Class

Self Storage

Target Annualized Return

17% +

Minimum Investment

$10,000

Location

Denver, CO

Trulo Homes, Oklahoma City, OK

At Trulo Homes, we offer many of the same amenities you’d expect from other luxury communities, minus the shared walls. Each Trulo Home offers the privacy and high-end finishes of a new luxury home, plus a private yard.

Asset Class

Self Storage

Target Annualized Return

17% +

Minimum Investment

$10,000

Location

Denver, CO

Trulo Homes, Bentonville, AR

73 Units (742 SF unit average) and 5,000 SF of retail. This property delivered April 2023 and hit 96% occupancy in February 2024. Average rental rate is $3.42 PSF. Project came in $200k under budget and was two months late of the original delivery date. Shaw Construction was the contractor. The late delivery was due to Xcel making the incorrect gas manifold and we were not able to start up the mechanical system or hot water for the building until we waited for them to re-make the custom manifold. Yield on Cost (YOC) for the project is 6.82%.

Asset Class

Self Storage

Target Annualized Return

17% +

Minimum Investment

$10,000

Location

Denver, CO

Trulo Homes, Kansas City, MO

A Trulo home offers many of the same amenities you’d expect from a luxury living community, within your own private home. Whether you opt for a roomy 1, 2, or 3-bedroom floor plan, you’ll also get a private, maintained yard that family and pets will love as you become part of a warm, inviting community.

Asset Class

Self Storage

Target Annualized Return

17% +

Minimum Investment

$10,000

Location

Denver, CO

Trulo Homes, Whitestown, IN

A Trulo home offers many of the same amenities you’d expect from a luxury community, within your own private home. Whether you opt for a roomy 1, 2, or 3-bedroom floor plan, you’ll also get a private, maintained yard that family and pets will love as you become part of a warm, inviting community.

Asset Class

Self Storage

Target Annualized Return

17% +

Minimum Investment

$10,000

Location

Denver, CO

Book a Call to Get Started

Testimonials

Sally Radley
Founder of the fund

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Sally Radley
Founder of the fund

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Sally Radley
Founder of the fund

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Important Disclosures

INVESTMENT IN THE FUND INVOLVES HIGH RISK

Investments in the Fund will be offered exclusively to financially sophisticated, accredited investors, high net worth individuals, family offices and institutional investors capable of evaluating the merits and risks of an investment in the Fund. Interests in the Fund are highly speculative and illiquid investments that involve substantial risk. No active secondary market in the interests exists, and the Fund does not anticipate that any such market will develop. Interests in the Fund are suitable investments (if at all) only for a limited portion of the risk segment of an investor’s portfolio. Investors could lose all or substantially all of their investment in the Fund.

NO OFFERING OF INVESTMENT OPPORTUNITY

The information contained in this presentation has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any securities or to participate in any investment strategy and may not be used or relied upon in connection with any offer or sale of securities. Any description of the Fund’s portfolio is for illustrative purposes only. The Fund’s actual portfolio may vary from the parameters described herein. The Fund will only sell securities pursuant to the terms and conditions set forth in its governing documents, including, without limitation, its private placement memorandum (“PPM”), its subscription agreement and its operating agreement.

FORWARD-LOOKING STATEMENTS

This presentation contains forward-looking statements; in particular, statements about the plans, strategies and prospects of the Fund. These statements are based on our current expectations and projections about future events. The words “may,” “will,” “should,” “expect,” “plan,” “seek,” “intend,” “anticipate,” “believe,” “estimate,” “aim,” “potential” or “continue” or the negative of those terms or other similar expressions are intended to identify forward-looking statements and information. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their respective dates. These forward-looking statements are based on assumptions and estimates by management the Fund that, although believed to be reasonable, are inherently uncertain and subject to risks and uncertainties that could cause actual results to differ from historical results or those anticipated or predicted by such forward-looking statements. Considering these risks and uncertainties, the matters referred to in the forward-looking statements contained in this presentation may not, in fact, occur. The Fund undertake no obligation to update or revise any forward-looking statement after the date of this presentation as a result of new information, future events or otherwise, except as required by law. The Fund qualifies all of its forward-looking statements by these cautionary statements.

COMPANY-SOURCED INFORMATION

The information contained in this presentation was obtained from the Fund and other sources identified by the Fund. Any statements, data, estimates, or projections contained herein have been prepared by management of the Fund and may involve elements of subjective judgment and analysis that may or may not prove to be accurate. All information provided herein is on an “as is” basis. While the information contained herein is believed to be reliable, neither the Fund nor any of its respective representatives, by delivery hereof, makes any representations or warranties, expressed or implied, as to the accuracy or completeness of such information. This presentation does not intend to contain all the information that may be required to evaluate an investment in the Fund or any other transaction, and any recipient hereof should conduct its own analysis of the Fund and the information contained or referred to herein. The information contained herein is not intended to be, nor should it be construed or used as investment, tax or legal advice. Before making any investment in the Fund, you should consult with your professional advisor(s) to determine whether an investment in the Fund is suitable for you considering your investment objectives and financial situation.