American Landmark Apartments has held a first closing of American Landmark Fund V and its affiliated entities (Fund V).
The fund’s first close totaled a significant raise of approximately $400 million in equity commitments. American Landmark will continue fundraising for the fund with a target of approximately $1 billion in total commitments.
Fund V is American Landmark’s fifth closed-end value-add real estate fund, focusing on the acquisition, renovation, and management of multifamily properties across the U.S. Sun Belt region.
The fund will have buying power in excess of $3 billion and will target mid-priced, income-producing class A and class B market rate assets throughout areas with high job and population growth.
“As we celebrate our 30th year of business, American Landmark’s approach to disciplined investing and focus on fundamentals will remain central to our philosophy across key markets with proven fundamentals,” said Joe Lubeck, CEO of
