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Covenant Apartment Fund VIII holds final close of $260m

by Zoë Wolff

Covenant Capital Group has held a final close of $260 million for Covenant Apartment Fund VIII, according to IREI’s FundTracker database.

The value-added fund focuses on acquiring, renovating and repositioning apartment communities in the Southeast and mid-Atlantic. The fund has received commitments from the Fire and Police Pension Fund of San Antonio and the Connecticut Retirement Plans & Trust Funds.

Covenant Apartment Fund VII, the fund’s predecessor, had a final closing of $236 million in December 2012.

 

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