Boundary closes first real estate fund, plans $300m of acquisitions
Bethesda-based real estate firm Boundary Cos. has closed its first real estate fund and is planning to make $300 million in multifamily, industrial and self-storage acquisitions in the United States.
“We like those assets because they demonstrated to be recession-resilient with durable cashflows and have strong long-term fundamentals,” John Wilkinson, founder and managing partner of Boundary told Bisnow in an interview.
Wilkinson noted that the fund’s investor base consisted of family offices and high-net-worth individuals, some of whom are prominent real estate professionals.
Boundary has historically financed its acquisitions and developments on a deal-by-deal basis, however Wilkinson said having a discretionary fund will streamline the acquisition process and help the firm meet the demands of the market.
Boundary is planning its first deal on behalf of the new fund — a 742-unit self-storage portfolio in Fredericksburg, Va. The firm is