RailField Partners closes fund, enters JV

RailField Partners, a multifamily investment and asset-management firm based in Bethesda, Md., announced that it closed a fund in partnership with L+M Development Partners and Citi within the past year.

The firm also recently entered into a joint venture with GCM Grosvenor and three major pension funds.

RailField has now expanded its portfolio within eight distinct markets throughout Texas, the Mid-Atlantic and the Southeast regions, and has completed more than $400 million in transactions.

“The investments and expansion we have experienced over the past year have propelled RailField Partners into a new stage of growth, allowing us to continue to expand in those markets in which we already have a presence and explore new opportunities in other markets, further ensuring we will maintain our current high-growth mode,” said Kenneth Bacon, co-founder and managing partner of RailField Partners.