Pantzer Properties, a vertically integrated multifamily owner and operator, has completed the final closing of its fifth real estate fund, Panco Strategic Real Estate Fund V.
Fund V was oversubscribed with $781 million of equity commitments from endowments, pension funds, healthcare systems, foundations, nonprofits, registered investment advisers, family offices and high-net-worth individuals.
The fund exceeded its target of $750 million, becoming 75 percent larger than its predecessor vehicle. The fund series focuses on tangible multifamily assets in high-barrier-to-entry markets along the East Coast of the United States.