Monument Capital Management brings new value-add workforce housing fund to market
Monument Capital Management (MCM), an A-Rod Corp. company and a fully integrated real estate investment firm, has launched a new value-add workforce housing fund — Monument Opportunity Fund V.
The launch of Fund V coincides with its first purchase, which has yet to be announced.
MCM focuses chiefly on secondary and tertiary markets with excellent job growth, a key component of high-need areas for workforce housing. The firm has acquired nearly $1 billion of real estate assets across 14 states through opportunity funds and joint ventures.
“The rising cost of homeownership coupled with housing shortages underscore the need for workforce housing across the country,” said Erin Knight, president of Monument Capital Management. “We believe this will continue to be one of our nation’s greatest needs in the foreseeable future.”
MCM recently expanded its presence with acquisitions in Minnesota. The organization will chiefly focus on continued growth wi