Milestone Fund V Closes with Commitments of $750M

The Milestone Group, a real estate private equity firm headquartered in Dallas and Boca Raton, announced the final closing of Milestone Real Estate Investors V LP (Fund V), with aggregate capital commitments of $750 million. Milestone expects that Fund V will ultimately invest in more than $2 billion of multifamily assets.

Fund V is Milestone’s 18th investment vehicle and fifth discretionary fund focused on the U.S. multifamily sector. Milestone received strong demand from both existing and new investors for Fund V, representing a wide range of U.S. and foreign institutional investors including public and private pension funds, endowments, foundations, insurance companies and other financial institutions.

Fund V is a discretionary investment vehicle with a strategy to acquire value-oriented class-A and -B multifamily properties across the country, primarily targeting major growth markets in the Sunbelt and Mid-Atlantic. Fund V has a broad mandate that includes existing assets, underperforming new construction and partnership recapitalizations.