ECI Group and ApexOne Investment Partners have formed a strategic joint venture to launch ApexOne-ECI Multifamily Fund VI to acquire, invest in, strategically redevelop and renovate, lease and manage institutional-quality multifamily assets across the Sun Belt, Midwest and Mountain West regions of the United States. The fund will seek total equity capitalization of $500 million.
ECI and ApexOne will serve as the fund’s co-general partners and have committed to co-invest, as called, more than $100 million of the fund’s $500 million total equity capitalization alongside committed investor equity capital. ECI Group’s capital commitment to the fund is in partnership with Almanac Realty Investors, a business unit of Neuberger Berman, which has committed up to $350 million to support ECI’s continued platform expansion, including its investment in the fund.
The fund intends to execute a diversified growth-and-income investment strategy through disciplined capital allo
