Buckingham Targets Over $1B in Real Estate Value Over Life of Two Funds
Indianapolis-based Buckingham Companies has closed its second real estate fund, the value-add Buckingham Multifamily Fund 2 (BMF2), at $215 million.
This follows the firm’s inaugural BMF 1 Fund, also using a value-add strategy of acquiring multifamily and mixed-use properties located in surging U.S. secondary markets in the Midwest and Southeast.
Additionally, Buckingham announced the first closing of a new multifamily development funding vehicle with a target of $160 million. The funding vehicle is intended to target ground-up construction of amenitized, workforce multifamily properties in vibrant U.S. secondary markets throughout the U.S.
BMF2 and the new development funding vehicle plan to collectively acquire or develop over $1 billion in value of multifamily assets over the next three years.
- ◦Sale/Acquisition
- ◦Financing
