Pathfinder Fund Grows to $137M-Plus

Pathfinder Partners, a San Diego-based private equity firm specializing in multifamily real estate investments, recently announced the quarterly closing of the Pathfinder Income Fund LP, with more than $5 million in new commitments. This brings the total fund capital to more than $137 million.

A stabilized multifamily fund for accredited investors, the fund continues to seek new multifamily acquisitions. To date, the fund has acquired 11 properties with a total of 1,279 units across four markets in the western U.S. (Sacramento, San Diego, Phoenix and Denver). Since its founding in 2006, Pathfinder has acquired or sold more than 135 properties with a total value of more than $1 billion.

“Across all real estate asset classes, private multifamily real estate funds are perhaps best positioned to address both the near-term inflation worries and longer-term opportunities for growth,” said Mitch Siegler, co-founder and senior managing director of Pathfinder. “Even if inflation isn’t an issue, due to the ongoing housing supply/demand imbalance in the U.S. and the availability of low-cost debt, multifamily properties offer a low-risk income-generating real estate investment as well as an alternative to the bond market – one that can generate alpha more consistently.”

With an emphasis on downside protection, the Pathfinder Income Fund focuses on stabilized class-B apartments. The fund’s conservative approach to leverage, bias toward fixed-rate debt and emphasis on cash-flowing properties provide investors with an income-producing tax-friendly opportunity for real estate exposure.