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Jonathan Rose Cos. Closes on $525M Impact Fund
Jonathan Rose Companies has closed on a $525-million impact acquisition fund. This represents the New York City-based firm’s fifth institutional fund focused on acquiring and preserving affordable multifamily housing, implementing practical green strategies to reduce environmental impacts and operating costs, and connecting residents with social, educational and other services.
The fund’s aggregate capital commitments exceeded its top-end target of $500 million, and in the end, was oversubscribed. It was raised during a time of investor caution, with more than $285 million raised in the past six months.
“Our fundraising success was a testament to the rising interest of investors in impact and our team’s track record over the last decade and a half of delivering on that promise,” said Jonathan F. P. Rose, president of Jonathan Rose Companies. “Every one of our investors underwrote our environmental and social track records as deeply as they did our financial track record.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition
