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Texas  + State of Texas  + Apartments  | 
Three Pillars raises $300M for Value-Add platform

Houston-Area Investor Secures $300M for Value-Add Multifamily Assets

Houston-based Three Pillars Capital is not going for the Class A, high end multifamily communities. Instead, the private equity firm is pursuing Class B and C multifamily properties throughout the Sunbelt. Three Pillars has secured $300 million in new capital commitments to support its growing investment platform. 

In deploying the capital, Three Pillars will continue its focus on value-add acquisitions with a new focus on distressed assets. It will fuel the acquisition of up to $1 billion in assets across Three Pillars’ current markets in Texas and Oklahoma, but also in fast-growing markets such as Arizona, Florida, Georgia and the Carolinas. To date, Three Pillars has amassed 3,000 units across Texas and Oklahoma.

Three Pillars Gautam Goyal added, ”Three Pillars has yet to record a loss in its six-year history, and the recent slowdown and looming distress across the multifamily sector represents a prime opportunity to identify and capitalize on new opportunities.” 

To date, the firm has provided investors an average 22% IRR on exited deals.


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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.