DF Capital Management (DFCM) has raised $138 million in an initial closing of its DF Residential II, which will invest in shovel-ready land for single-family housing.
DFCM invests in residential real estate by selling finished lots to homebuilders for the construction of single-family homes across the country. The firm’s target markets include Jacksonville, Fla.; Orlando; Austin; Denver; Raleigh and Charlotte, N.C.; Savannah, Ga.; and Hilton Head, S.C.
DCM said Fund II will provide finished lots to homebuilders for the construction of entry-level homes in the United States.
“Housing is in short supply. When you consider the demographics and shift in living preferences as a result of COVID-19, it is unlikely that supply catches up with demand anytime soon,” said Chris Butler, managing partner of DFCM. “We believe our strategy is an attractive way to invest in this secular shift back to single family living.”
Fund II is expected to hold its final
