Cortland, based in Atlanta, has successfully closed its Cortland Enhanced Value Fund and raised $1.5 billion in commitments. The multifamily fund focuses on adding value to properties located in the Sunbelt and Mountain West regions.
According to Cortland’s CEO Jason Kern, a quarter of the commitments came from foreign investors while 80% were from institutional investors. He also stated that with this successful fundraising effort exceeding their initial target by 50%, it is evident that there is strong interest among investors to partner with Cortland at this time.
With headquarters in Atlanta, Cortland currently manages over 250 apartment communities comprising more than 80,000 homes across the United States. They have regional offices located in Charlotte, Dallas, Denver,
Houston,
Orlando,
and Phoenix.
