Fundraising - DECEMBER 31, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Multifamily fund raises $198m

by Reg Clodfelter

Abacus Capital Group has raised $197.5 million for Abacus Multi-Family Partners III, according to a filing with the SEC.

The value-added fund launched earlier this year with a $300 million fundraising goal. The fund targets multifamily assets throughout the United States with an average investment size of $20 million to $40 million. Net returns are expected to be between 13 percent and 15 percent.

The $23.5 billion Texas Municipal Retirement System committed $75 million to the fund in September.

The fund is expected to have a final close during the first half of 2015.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy