Croatan Investments, a private equity real estate manager focused on multifamily investments, has launched a new fund, Croatan Multifamily All-Weather Fund II.
The fund will acquire and develop multifamily properties in Mid-Atlantic and Sunbelt states. Croatan also will form joint ventures to acquire and develop these properties, in some cases.
Croatan Investments did not disclose a fundraising target for its latest investment vehicle.
For more information about this fund and others, visit the IREI.Q database.
In other news, Croatan Investments has acquired Broadstone Vintage Park, a 386-unit garden-style apartment community located in Houston.
Built in 2020, Broadstone Vintage Park exhibited impressive lease-up velocity with more than 30 new leases per month in 2021. Now stabilized at 96.1-percent occupancy, Croatan believes there is tremendous opportunity to mark-to-market the first-generation leas
