North Carolina–based Grubb Properties has launched a new closed-end fund, Grubb Real Estate Fund VII.
The opportunistic fund will invest in multifamily assets in the United States.
According to a recent filing with the SEC, the fund is seeking to raise $400 million in capital commitments. It has already captured $75.14 million of that amount from 142 investors.
Fund VII is a continuation of the company’s Link Apartments® flagship fund strategy, according to Grubb’s website. Grubb Properties creates real estate environments through the repositioning of office buildings and the development of moderately priced multifamily communities under its nationally registered Link Apartments brand.
“We are seeing very interesting opportunities related to price dislocation and distress brought on by the pandemic, and we anticipate this will continue as the new cycle evolves,” stated the company. “Our approach to essential housing is defensive an
