(ProNewsReport Editorial): – Miami, Fla. Nov. 8, 2021 (Issuewire.com) – Miami-based boutique real estate investment firm NORTHCAP PARTNERS has raised another $150 million for a new real estate investment fund and shows no signs slowdown in their expansion of the fund.
NORTHCAP FUND managed by NORTHCAP PARTNERS is expected to reach a minimum of $350 million by early Spring/Summer 2022. The fund will primarily focus on the purchase of multi-family and mixed-use real estate properties.
NORTHCAP FUND is expected to add to its existing portfolio of multifamily properties in Florida, Texas, Tennessee, Arizona and North Carolina.
The newly launched fund is backed by private investors, insurance companies, public pensions, non-profit organizations and family offices.
Multifamily investment volume rose 34% quarter-over-quarter in the second quarter to $52.7 billion, according to CBRE.
Multi-family investors are flooding the market as these markets soar. We have a wonderful opportunity to build a strong investment portfolio with consistent income streams with added value to existing properties for higher return. Inflation protection, low leverage and diversification. strong returns for all of our investment partners. We are extremely excited about what the future holds for the Fund and our investment partners. According to the founders, Michael Reynoso and Matthew Campbell
Northcap Partners, LLC
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