Washington DC + DC Metro + Finance | June 5, 2023

Artemis Real Estate Closes Value-Add Fund at $2.2B

Artemis Real Estate Partners has closed on its fourth real estate fund with $2.2 billion in equity commitments, more than double the size of its most recent fund from four years ago, reported the Washington Business Journal. The Chevy Chase, MD-based firm said it has the “dry powder” to invest in real estate “across the risk spectrum.”

“Fund IV positions Artemis to continue investing with our national network of operating partners and will allow us to identify overlooked and situationally distressed opportunities in the marketplace,” co-portfolio manager Rich Banjo said in a statement. “We believe this fund closing will enable us to capture opportunity at scale across the middle market, particularly in today’s environment.”

The fund will help Artemis capitalize on current market volatility, it said in the statement. It intends to spread the money far and wide, seeking a variety of property types across the U.S. with both debt and equity investments.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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