SWBC Real Estate has announced the launch of SWBC RE Fund II, its second real estate investment fund focused on multifamily acquisitions and future development opportunities throughout the Sun Belt states. SWBC Real Estate will be partnering with SWBC Investment Co., a U.S. Securities and Exchange Commission–registered investment adviser, to administer and operate this new private placement real estate fund for institutional and accredited investors. SWBC aims to raise $200 million for the SWBC RE Fund II, following the success of $125 million in capital commitments for its inaugural fund, SWBC RE Fund, LP.
SWBC RE Fund II is launching amid a market environment that presents compelling acquisition opportunities. Rising interest rates, higher operating costs, increased debt service and elevated supply levels have contributed to declining property values in many markets. As a result, quality multifamily assets can be acquired at attractive discounts to replacement costs.
