Crystal View Capital has launched its third fund, focused on acquiring value-add manufactured housing communities and self-storage facilities in the United States.
Crystal View Capital Fund III is seeking to raise $95 million from accredited investors. The fund has already closed on more than $10 million within two weeks of its launch. In addition, the fund has more than $10 million of real estate assets under contract, which are scheduled to close by the end of first quarter 2021.
“Given the demand for our core asset classes and support of our limited partners from prior funds, we are very excited to launch our newest fund,” said Matthew Ricciardella, principal and managing partner of Crystal View Capital. “Due to the performance of self-storage and manufactured housing during the COVID-19 pandemic, interest in both asset classes has been prodigious from institutional investors and all investors looking for yield.”
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