Endeavor Real Estate Group, an Austin-based investment and development firm, has closed a $610 million private equity fund. Called Endeavor Opportunity Partners III (EOP III), the Fund will be invested in commercial real estate opportunities with a particular focus on Central Texas. Commercial Search reports that EOP III intends to pursue a value-add investment strategy by creating a portfolio of diverse real estate assets across various sectors such as multi-family, industrial, retail and mixed-use properties. The Fund anticipates making 20 to 25 investments sourced and executed by Endeavor which is expected to yield total capitalization including leverage and co-investment opportunities in excess of $1.5 billion.
Endeavor is currently leading the conversion of the Austin American Statesman building into mixed use project featuring housing units, offices and hotel while also spearheading redevelopment of former Borden Dairy site into residential spaces along with retail outlets , offices space as well as hotel .
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