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Titan Development fund holds $112m final close, opens first project
Fundraising - NOVEMBER 12, 2018

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Titan Development fund holds $112m final close, opens first project

by Jody Barhanovich

Titan Fund Management has completed the final closing of Titan Development Real Estate Fund I (TDREF) with total capital commitments in excess of $112 million from a globally diversified group of investors including institutions, corporations, and international and domestic family offices. The fund sponsor has committed $63 million in equity.

The fund has also opened its first project, a 187,674-square-feet speculative industrial building along the I-35 corridor between Austin and San Antonio in Schertz, Texas.

The fund strategy prioritizes asset diversity in secondary and tertiary markets that are not oversupplied and yields on development are significant. Risk is reduced using a unique pre-development investment strategy and a project pipeline that creates a hybrid direct investment opportunity for investors. TDREF’s focus is the ground-up development of senior living, multifamily, self-storage and industrial assets.

Coe Schlicher, TDREF I’s fund manager,

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