Declaration Partners has raised $303 million for its second real estate fund, Declaration Partners Real Estate Fund II LP (DPREF II). The fund, which is 25 percent larger than Declaration’s first fund is already nearly 60 percent invested or committed to properties in the team’s targeted sectors, including multifamily residential, industrial, self-storage, and retail.
Founded in 2017 and anchored by the family office of David M. Rubenstein, Declaration Partners marries the sophistication of institutional private equity investing with a family office mindset. The firm manages $2.2 billion of assets, primarily on behalf of global family offices and like-minded institutions. Declaration’s real estate investment strategy includes proprietary joint ventures, preferred equity investments intended to facilitate downside protection, as well as upside participation from co-general partnerships (GPs).
Recently completed investments include an industrial property in the Ham
