Highland Real Estate Partners raises $44m for first discretionary investment fund
Private real estate investment manager Highland Real Estate Partners has held a final close of Highland Multifamily Opportunities, the firm’s debut discretionary investment fund. Highland Multifamily Opportunities raised $44 million, which surpassed its initial target of $35 million, and grows Highland’s equity capital under management to $65 million.
Highland Real Estate Partners has already begun constructing the fund’s portfolio, with nine acquisitions completed to date comprised of 211 apartment units in the Chicagoland and Salt Lake City markets. The team is focused on adding value to this portfolio and is implementing operational plans to drive occupancy gains, grow net operating income and enhance asset quality.
“This fundraise positions Highland to continue executing on our strategy and scale our platform and, along with the strong performance of our initial investments, is a testament to the market opportunity and our differentiated strategy,” said B