Cardone Capital has launched Cardone Fund X.
The fund series aims at purchasing income-producing multifamily assets in high-growth markets that are priced under market value.
Grant Cardone, founder and CEO of Cardone Capital, said, “This fund, unlike some of my previous funds, will be focused on more opportunistic assets created from the COVID crisis and shutdown.”
The fund has a target raise of $50 million to $60 million to invest in high-growth markets throughout the United States.
The firm said targeted areas would have a high net population gain, which is expected to translate into continuous high demand for apartments.
The minimum investment for Cardone Fund X is $250,000, with a maximum of $10 million by any one investor or LLC.
Cardone Capital’s latest acquisition was a 553-unit multifamily property in Fort Lauderdale. This property was in such high demand the fund was oversubscribed by millions of dollars in less than 62 day
