Participant Capital Advisors Launches Multifamily Fund

Participant Capital Advisors, a real estate investment firm that manages private equity real estate vehicles, announced the launch of its latest fund, the Participant Capital Sun Belt Multifamily Development Fund 1.

Participant says the company has a fundraising target of $250 million in commitments to allocate to multifamily development projects. The fund is a closed-end private equity real estate vehicle with an 8-year projected term. Apex Group Limited has been appointed as the administrator for the fund.

The fund will be particularly focused on the state of Florida where it is targeting low-rise multifamily projects in the rapidly growing suburbs of Orlando and Tampa, and mid to high-rise projects in Miami and other major urban centers in South Florida.

“U.S. demographics, migration, work from home trends, and rising residential costs strongly favor multifamily development in Florida,” Participant Capital president, Bernie Wasserman, said. “Florida’s stable migration is the backdrop to its major cities experiencing some of the highest rent, job and economic growth in the country. Our latest fund will provide accredited investors with access to this growth story via investments in institutional quality multifamily development projects.”

Participant Capital is a real estate investment management firm that provides wealth managers with access to preferred equity, project, and fund investment opportunities.

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