Fundraising - MAY 14, 2013

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

Sign in Start Your Free Trial Now View Purchase Options

Pathfinder plans final close for residential fund

by Andrea Waitrovich

Pathfinder Partners LLC has planned a final close for its Pathfinder Partners Opportunity Fund IV on May 31. The fund launched in October 2012 with a $150 million fundraising goal.

The value-added/opportunistic fund will acquire distressed residential rental properties. Pathfinder Partners Opportunity Fund IV is aiming for a 20 percent return by purchasing foreclosed apartment buildings and single-family homes, as well as defaulted loans on similar properties. The firm’s strategy is to rehabilitate properties, operate them as rentals and sell them when they are stabilized.

Pathfinder Partners Opportunity Fund IV is one of the firm’s largest funds. Pathfinder Partners Opportunity Fund III closed in July 2012 with $57.5 million, and Pathfinder Partners Opportunity Fund II had a $50 million fundraising goal.

Pathfinder Partners, headquartered in San Diego, is a real estate investme

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