Mortar Capital Management, a New York City–based real estate asset management firm, has launched its second fund offering, the Mortar Growth Fund II.
MGF II is a diversified offering focused on value-add acquisitions and ground up development of multifamily properties. The team specializes in acquiring assets located in attractive urban submarkets of New York.
Mortar is currently accepting commitments from accredited investors, including entrepreneurs and individuals looking to diversify their retirement portfolios with Self-Directed IRA or 401(k) investments.
The fund’s targeted annual gross returns are 16 percent to 20 percent to investors.
