Carmel Partners has held a final close for its Carmel Partners Investment Fund 9, the firm’s U.S. multifamily real estate value creation fund. Fund 9 successfully closed at $1.35 billion and has already acquired nine operating assets.
Investors include U.S. and international pension funds, endowments, foundations, select family offices and high-net-worth managers. Carmel has successfully raised more than $8.5 billion since the inception of its fund series in 2003.
Carmel has a vertically integrated platform, including a five-person data science and research team that provides proprietary rent-growth forecasts. Carmel focuses on multifamily investments primarily in supply-constrained, high barrier-to-entry U.S. markets including Northern and Southern California, Boston, Denver, Hawaii, New York, Seattle and Washington, D.C. It has the ability to invest in existing operating assets, development projects and opportunistically, debt.
“We are grateful for the con
