AJ Capital Partners raises $391m for second real estate fund
AJ Capital Partners has raised $391 million for its second real estate fund, AJ Capital Real Estate Fund II, according to a filing with the SEC.
AJ Capital Real Estate Fund II is a value-added, opportunistic real estate fund that will invest in hotel properties, mainly in the Caribbean and the United States. The firm launched the fund earlier this year. The fund hopes to raise a maximum of $500 million in direct equity commitments.
AJ Capital will continue to grow its portfolio of lodging investments with the fund.
AJ Capital Partners is a dynamic organization of counter-culture hospitality and real estate investors who acquire, develop and design transformative real estate in multi-dimensional markets and prestigious resort destinations. The firm’s mission is to achieve optimal r