Township Capital closes $60m multifamily fund with Epic Investment Services
Township Capital participated as the lead investor in Epic Investment Services’ second closing of its U.S. Multifamily Fund I, with $60 million of equity commitments.
Township Capital specializes in deploying programmatic, passive co-GP equity alongside institutional commercial real estate sponsors. The company uses funds, such as the Fund I, to provide a streamlined and highly efficient solution to the co-GP piece of the capital stack.
Fund I was the 11th commingled vehicle Township has closed utilizing this co-GP equity strategy.
Fund I aims to acquire garden-style multifamily properties in select U.S. markets with populations of greater than 2 million and business-friendly environments and that are home to major employers. Many of the target assets are located within key markets in Arizona, Texas, North Carolina, Colorado, Tennessee, Nevada, Georgia, Utah and Florida.
Township also plans to consider assets in other states with a population above 10 m