Broadview Real Estate Partners has held a final close for Broadview Real Estate Partners Fund II, raising $100 million. Investor interest in the fund exceeded capacity.
The fund primarily invests in programmatic co-GP ventures or platform ventures with operators and developers. The fund will focus on senior housing, warehouse development, manufactured housing and retail, with flexibility to approach other sectors opportunistically. It is targeting full deployment in 2027.
“We’re hitting the ground with several existing operating partners, which we didn’t have when we closed Fund I. The fund is smaller, but we’re better equipped with a handful of existing partners and an active pipeline. We’re fine getting this fund invested in a quicker period of time and moving on to the next one,” said Larry Ellman, managing partner at Broadview Real Estate Partners.
Approximately 75 percent of the fund is from existing investors. The investor base includes a major
