Infinity, a technology-enabled real estate investment management firm, and A9, a Miami-based single-family office of the Ashrafi family, have partnered to form the Infinity Multifamily Real Estate Fund I.
The fund aims to raise $250 million in total investment capital with institutional investors and family offices who will participate in developing a portfolio of multifamily real estate within the following year. The fund will invest in opportunistic and value-add of class A, B and C multifamily properties located in the top 20 metropolitan areas in the United States.
“The recent increase in interest rates and the likelihood of additional increases in the coming months sidelined many investors worried about a U.S. recession,” said Ahmad Ashrafi, Infinity CEO. “Consequently, they will miss a once-in-a-generation opportunity to invest in multifamily housing when experts predict occupancy levels to remain above 95 percent for the foreseeable future and nearly 7 per