Atlanta-Based Cortland Raises $1.5B for Value-Add Multifamily Fund

Cortland has closed its Cortland Enhanced Value Fund, securing $1.5 billion in commitments. The value-add, multifamily fund is meant to capitalize on targets in the Sunbelt and Mountain West.

Cortland says approximately one-quarter of the commitments were from foreign investors, and 80% were from institutional investors. 

Cortland’s Jason Kern added, “Cortland is now capitalizing on discounted asset prices and higher yields in an improving operating and capital markets environment. By exceeding our initial target by 50%, it’s clear the opportunity to invest with Cortland in this sector at this time resonated strongly with investors.”

Headquartered in Atlanta, Cortland manages and is invested in, directly or indirectly, over 250 apartment communities comprised of over 80,000 homes in the US with regional offices in Charlotte, Dallas, Denver, Houston, Orlando, and Phoenix.