Middleburg has held its final close for its third GP Fund (GP Fund III), with total capital commitments of $125 million, exceeding its original target and reaching the fund’s hard cap. The firm will use the proceeds to develop institutional-quality multifamily communities and build-to-rent neighborhoods in the highest growth markets across the country.
GP Fund III had significant investor interest from the institutional investor community. As a result, the fund is welcoming several first-time investors, including a well-known endowment, which joins the Middleburg GP Fund series to grow what existing investors have helped establish as a best-in-class GP Fund series. The company expects to capitalize on its strong relationships in its target markets to secure land off-market and apply its vertically integrated capabilities to streamline efficiencies and maximize return potential.
“We appreciate the continued trust our investors place in Middleburg, our platform, and
