DF Capital Management has held a final closing of DF Residential II in the first quarter 2022 with $322 million of equity commitments, exceeding its target raise of $250 million.
The fund’s commitments span nearly 100 investors of various profiles led by multiple institutional investors.
Fund II is investing in residential land to provide finished lots to homebuilders for the construction of entry-level homes, which remain in short supply across the country. DF Capital executes this strategy by investing in fully entitled land, while securing all builder contracts and deposits prior to land purchase.
“While homebuilders are contending with the same supply constraints and inflationary trends affecting most companies today, the underlying fundamentals of the market remain strong,” said Chris Butler, managing partner of DF Capital. “Housing supply remains at record lows and favorable demographics in our target markets should continue to underpin demand. We
