Insights & Press

Letters, memos, and announcements.

Quarterly letters on portfolio performance, acquisition activity, and the firm’s view of the markets it operates in — alongside the firm’s public announcements.

August 5, 2026

Ramsey County awards Encephalo Investments $2 million for East Side preservation

The Ramsey County Board of Commissioners approved two Local Affordable Housing Aid awards to Encephalo Investments totaling $2 million, funding preservation rehabilitation of 87 units of naturally occurring affordable housing across two multifamily properties on Saint Paul’s East Side. Both awards closed on October 27, 2026, and all 87 units are now subject to a 30-year affordability covenant.

Read the release → East Side Preservation →

Letters

First quarterly letter forthcoming — Q3 2026.