Lion Real Estate Group closes latest multifamily real estate fund
Lion Real Estate Group (LREG) has closed its latest fund, LREG Multifamily Fund II, with more than $200 million of equity commitments.
LREG is a real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties. The new fund secured capital from a mixture of family offices, high-net-worth investors and the firm itself, and it will continue to execute on LREG’s strategy of acquiring value-add multifamily real estate across Sun Belt markets.
“The macroeconomic factors of rising interest rates and inflation that are currently playing out in the U.S. mean that we are seeing, in cases, a 20 percent discount in our target assets,” said Mory Barak, co-founder and managing principal of LREG. “The overall health of this sector is very strong, with higher occupancy rates and lower rent volatility than other real asset classes. We feel very well positioned to continue executing on the strategy that has served us and o