Newly-launched Eagle Rock Multifamily Income & Value Fund, managed by Eagle Rock Advisors, has almost hit its fundraising target of $240 million.
The value-add fund has received $200 million in capital commitments to date.
Eagle Rock will use the funding to acquire underperforming, undermanaged suburban class B apartment complexes in the northeast and mid-Atlantic region of the United States.
The firm typically pursues “under-the-radar” deals ranging from $20 million to $50 million. It has expertise in the investment, property, asset, and construction management sectors.
