Graceada Partners closes 3rd fund at fundraising target, prepares to launch a successor
Graceada Partners has completed the final closing of Graceada Partners Fund III, raising $100 million of capital commitments (including co-investments) and reaching its fundraising target.
The fund acquires value-add multifamily and multi-tenant industrial properties in secondary and tertiary markets of the Western U.S. The vehicle is 100 percent deployed, including properties in escrow, having invested throughout an 18-month period.
“Graceada Partners Fund III continues our singular focus on the multi-trillion dollar secondary and tertiary markets of the Western U.S., which are largely not institutionalized,” said Ryan Swehla, co-CEO of Graceada Partners. “Much like self-storage or single-family home rental, these geographies represent a large, mature and disaggregated segment of the real estate universe that will inevitably become institutionalized over time.”
With Fund III’s full deployment, Graceada Partners look to launch Fund IV in first quarter