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Wolff fund to hold second close of $625m

by Zoë Wolff

The Wolff Co. will be holding a second close with $625 million in equity for Wolff Real Estate Partners III this month. This could be a final close of the fund, though it may remain open through the end of the year to reach its hard cap of $650 million, according to a spokesperson for the firm.

The value-added fund launched in July of this year and focuses on U.S. multifamily and senior housing properties.

Wolff Real Estate Partners II closed in 2013 with $500 million in equity commitments.

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