Carmel Partners, a San Francisco-based real estate firm, has successfully closed its U.S. multifamily real estate value creation fund – Carmel Partners Investment Fund 8 – at $1.58 billion exceeding the target size of $1.5 billion set for it. The fund is now the largest in Carmel’s portfolio since its inception in 2003 and has attracted investors from both U.S and international pension funds, endowments, foundations, insurance companies as well as high net worth individuals and family offices to invest more than $7 billion over time into this series of funds so far. Revolutionizing Multifamily Investing: Carmel Partners Closes Record-Breaking $1.6B Fund.
Carmel specializes in investing in multifamily properties located within supply-constrained markets with high barriers to entry such as Northern & Southern California, Boston, Denver, Hawaii, New York City Seattle & Washington DC. These investments include ground-up development projects along with renovations or debt instruments depending on market conditions.
Revolutionizing Multifamily Investing: Carmel Partners Closes Record-Breaking $1.6B Fund Ron Zeff Founder & CEO of Carmel said “We believe that our decades-long experience investing across acquisitions renovation ground-up projects owner/builder roles plus debt instruments will enable us to find compelling investments regardless of any market cycle”.
