Released: Jul. 13, 2022 at 3:07 PM EDT|Up to date: 6 hrs back
WAYNE, Pa., July 13, 2022 /PRNewswire/ — Argosy Actual Estate Companions (“AREP”) is delighted to announce the remaining closing of Argosy True Estate Construct-For-Rent Co-Investment, L.P. (“ARE BFR”) on June 30, 2022. ARE BFR raised $110 million to make co-investments in one-loved ones build-for-lease progress jobs together with Argosy Actual Estate Companions IV, L.P. (“AREP IV”), a discretionary, shut-conclusion diversified genuine estate fund with $286 million in investor commitments.
/cloudfront-us-east-1.images.arcpublishing.com/gray/425XRGBCBZMNYTX2525VJRZUG4.jpg)
Buyers in ARE BFR incorporated institutional investors, loved ones places of work and high net worth folks. ARE BFR targets the advancement of one-relatives construct-for-hire belongings during the United States. To day, ARE BFR has invested in 10 assignments totaling 1,317 units comprising a full growth expense of $490 million.
As a firm, AREP has invested $312 million into 21 one-loved ones create-for-hire initiatives totaling $1.03 billion in overall advancement expense and maintains a sturdy pipeline of one-loved ones create-for-rent tasks.
Argosy Real Estate Companions specializes in opportunistic, worth-insert, core-furthermore, and Option Zone authentic estate investments in the decreased center current market, concentrating on investments that have to have involving $5 and $30 million of equity. Through joint venture structures, Argosy Real Estate Companions invests together with operating partners who have considerable market place knowledge and a demonstrated monitor history. As of March 31, 2022, the firm at present has roughly $2. billion of gross belongings and equity commitments below management and manages ten discretionary, shut-stop money with an trader base of institutional investors, loved ones offices and substantial web value people today. AREP is led by Co-CEOs and Taking care of Associates David Butler and Andy Stewart and invests nationally from a few offices including its headquarters in Philadelphia and additional places of work in Denver and San Francisco.
For additional info on Argosy Serious Estate Associates, please go to www.argosyrep.com.
Speak to info:
Phoebe Joseph, Vice President of Trader Relations
[email protected]
415.795.2606
View initial written content to down load multimedia:
Resource Argosy Actual Estate Partners
The above push launch was furnished courtesy of PRNewswire. The sights, opinions and statements in the press release are not endorsed by Grey Media Team nor do they essentially point out or mirror people of Gray Media Team, Inc.