Acacia Capital closes multifamily fund

Acacia Capital Corp. held its final close for Acacia Property Corp. 2012 on July 31, raising approximately $171 million. The value-added fund launched in August 2012 with a $300 million fundraising goal. The fund will focus on multifamily investments in the United States.

Founded in 1986, Acacia Capital Corp. has managed a series of commingled investment funds that have acquired both debt and equity positions in real estate with a primary focus on residential property. The firm’s investment funds have acquired real estate debt and equity interests with an aggregate cost that exceeds $4.5 billion. Acacia’s primary focus and core expertise are residential land and apartment properties.