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Chicago & Midwest  + North Side  + Finance  | 

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.”


Inside The Story

Highland Real Estate

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 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).

  • ◦Sale/Acquisition
  • ◦Financing