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San Antonio Fire & Police commits $25m to Covenant Apartment Fund XII
Investors - JULY 8, 2024

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San Antonio Fire & Police commits $25m to Covenant Apartment Fund XII

by Lewis Dayton

The San Antonio Fire & Police Pension Fund (SAFPPF) has committed $25 million to Covenant Apartment Fund XII.

The commitment is a re-up, with SAFPPF having committed to Funds VII through XI.

Covenant Apartment Fund XII will invest with a value-added strategy to acquire 35–40 undervalued apartment communities in the Sun Belt region of the United States and will reposition each asset through renovations and re-leasing strategies.

For more information about this commitment or other funds, please visit our IREI.Q database

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