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Highland Real Estate Closes on Discretionary Fund for Multifamily
Private real estate investment manager Highland Real Estate Partners has closed on Highland Multifamily Opportunities, the firm’s debut discretionary investment fund. Highland Multifamily Opportunities raised $44 million, which surpasses its initial $35-million target and grows Highland’s equity capital under management to $65 million.
Highland Real Estate Partners has already begun constructing the fund’s portfolio, with nine acquisitions completed to date comprised of 211 apartment units in the Chicagoland and Salt Lake City markets. The team is focused on adding value to this portfolio and is implementing operational plans to drive occupancy gains, grow net operating income and enhance asset quality.
Ben Frazer, investment partner and co-founder of Chicago-based Highland, said, “This fundraise positions Highland to continue executing on our strategy and scale our platform and, along with the strong performance of our initial investments, is a testament to the market opportunity and our differentiated strategy.”
- ◦Sale/Acquisition
- ◦Financing


