Titan Development closes Titan Development Real Estate Fund III at $122m

Titan Development, a Southwest real estate development and private equity real estate firm, has closed its Titan Development Real Estate Fund III (TDREF III) with $122 million in limited partner and general partner commitments.

The investor base consisted primarily of family offices and high-net-worth individuals, with more than 80 percent of Titan’s past investors participating in TDREF III alongside new investors.

TDREF III is focused on building multifamily and industrial projects in growing secondary and tertiary markets. The fund can also invest in opportunistic real estate sectors such as hospitality and self-storage in other markets.

The closing brings the fund series to a total of $329 million since it was launched in 2017.

“It’s a great show of confidence that we closed Fund III in about three months of fundraising,” said Ben Spencer, fund manager and partner at Titan Development. “As interest in the Southwest region continues to grow,