Mount Vernon Partners (MVP), a Carolina-based real estate investment firm headquartered in Charlotte, N.C., has launched a new real estate fund that will acquire and manage a portfolio of properties in and around the Carolinas. The firm seeks to raised $100 million in total capital.
MVP Fund I seeks to provide an uncomplicated investment alternative, increased income, and wealth conservation for investors looking to diversify long-term investments with real estate. The fund will target middle-market real estate-based investments including joint ventures, active or passive investments, urban infill development projects, income-producing properties, and substantial value-added renovations including historic properties.
The fund is available to accredited investors in two-unit ownership classes: class A and class B. Class A contribution will be $250,000 per unit and initial capital investors can purchase interests as small as 10 percent of a unit for $25,000. Any investments below $250,000will receive class B status.
“This new fund allows investors to participate in the rapid growth in the North & South Carolina regions and be part of building robust economic sources for their communities, while developing a more diversified and secure portfolio,” said Cameron Glaws, managing partner at MVP.
