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Sign in Sign up for a FREE subscriptionSares-Regis Multifamily Value-Add Fund III closes with $328m
The Sares-Regis Multifamily Value-Add Fund III, managed by Sares-Regis Group, has completed a final close with $328.2 million in capital commitments, a spokesperson for the company confirmed in an email.
Sares-Regis Multifamily Value-Add Fund III will invest in multifamily properties throughout the western United States.
The multifamily fund was launched in January 2018 with an equity fundraising target of $500 million and a minimum investment requirement of $10 million.
According to the Sares-Regis Group, the company’s multifamily fund series seeks to “transform underpinning multifamily properties into thriving communities and successful real estate investments.”
The previous fund in the series, Sares-Regis Multifamily Value-Add Fund II closed in August 2016 with $304.2 million in capital, exceeding its $300 million target. The first fund in the series raised $112.75 million in 2013. It was seeking to raise $200 million in capital.