Carmel Partners has held a $1.28 billion final close for its seventh U.S. multifamily real estate value creation fund, Carmel Partners Investment Fund 7.
Fund 7 is Carmel’s largest fund to date. More than 40 existing and new investors participated in Fund 7, including investors from Asia and Europe as well as the United States.
Since inception of the fund series in 2004, Carmel has successfully raised almost $5.5 billion.
Carmel is a San Francisco–based real estate investment manager that focuses exclusively on multifamily investments, including development, renovation and debt in relatively supply-constrained, high barrier-to-entry U.S. markets including the metro areas of the San Francisco Bay Area, Southern California, New York, Seattle, Denver, Washington, D.C., and Honolulu.
Ron Zeff, founder and CEO of Carmel Partners, said, “Through our vertically integrated platform, we will continue to pursue a multifamily value-creation strategy in our tar
