Eagle Rock Properties (ERP) has launched Eagle Rock Multifamily Income & Value Fund II (ERIV II) with $425 million in equity commitments inclusive of a $300 million re-up from one of the largest U.S.-based endowments.
ERIV II is the fifth investment vehicle for Eagle Rock and second iteration of its evergreen fund series. ERP will be actively deploying ERIV II over the next three years, with approximately $1.5 billion of buying power, targeting core-plus/value-add multifamily opportunities across the Northeast and mid-Atlantic regions.
ERP is a principally owned, vertically integrated real estate investment and property management company that owns and operates nearly 9,000 multifamily apartments across eight states in the Northeast and mid-Atlantic U.S. Eagle Rock has raised more than $1 billion in high-net-worth, family office and institutional capital for multifamily investments.
