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Citymark Capital Hits $150M Target for Second Apartment Fund
Cleveland-based Citymark Capital has reached the fundraising target of $150 million for its second fund, Citymark Capital U.S. Apartment Fund II. Citymark launched Fund II in 2018 and secured commitments from 100% of institutional investors from its debut fund.
“We are grateful to our investors for their trust and confidence in our strategy,” said Citymark CEO Daniel Walsh. “Their support underscores our belief in the consistent performance of institutional quality multifamily investments through different economic environments, including market disruptions.”
Fund II’s current portfolio includes six multifamily communities. The assets, ranging in size from 120 units to 408 units, are located in Las Vegas, Dallas, Houston, Atlanta and Raleigh.
Citymark’s platform provides joint venture equity for value-add, multifamily investments, executed by experienced regional and national operating partners. The firm targets institutional-quality, garden-style communities ranging in size from 100 to 400 units, in the Top 50 U.S. markets by population.
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