To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionTioga Capital closes latest real estate fund above target
Tioga Capital, an Atlanta-based, multi-strategy real estate investment firm, has closed its third fund with $80 million in total capital commitments.
Tioga Partners III was oversubscribed and closed above its initial target of $60 million. Limited partners in Fund III include family offices, foundations and registered investment advisors.
Fund III will opportunistically invest across the real estate capital structure targeting the Sun Belt region while pursuing the same investment strategy followed by its predecessor fund, Tioga Partners II, which closed in 2021 with $60 million.
Fund III has already made investments across multifamily, single-family and commercial assets located in the Atlanta, Austin, Houston, Jacksonville, Fla. and Pensacola, Fla. MSAs. Tioga's target investment size is between $5 and $30 million.
“The current environment has created disruption in the financial markets and a challenging time for real estate sponsors seeking capital,â
