Endeavor Real Estate Group closes $610m fund

Endeavor Real Estate Group, an Austin-based investment and development firm, has closed a $610 million private equity fund.

Endeavor Opportunity Partners III (EOP III) will invest in commercial real estate opportunities in five markets across the country, with a particular focus on Central Texas. Specific markets include Austin; Charlotte, N.C.; Dallas; Nashville; and Salt Lake City. EOP III intends to pursue a value-add investment strategy by creating a portfolio of diverse real estate assets across various sectors, including but not limited to the development or acquisition of multifamily, industrial, retail, and mixed-use properties. The fund anticipates making 20 to 25 investments.

The $610 million is anticipated to yield a total anticipated capitalization, including anticipated leverage and co-investment opportunities, in excess of $1.5 billion. It is the third and largest fund Endeavor has closed in the firm’s more than 20-year history.

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