Pathfinder Closes Quarterly Fund with $95M

San Diego-based private equity firm, Pathfinder Partners, recently announced the quarterly closing of the Pathfinder Income Fund LP with more than $10 million in new commitments, raising total fund capital to more than $95 million. A stabilized multifamily fund open to accredited investors, the Pathfinder Income Fund continues to seek acquisitions of new properties.

With an emphasis on downside protection, the Pathfinder Income Fund focuses on stabilized income-producing class-B apartments. The fund’s conservative approach to leverage, bias toward fixed-rate debt and emphasis on cash-flowing properties provide investors with an income-producing tax-friendly opportunity to allow a wider exposure to real estate.

The fund has acquired seven properties with 900 units across five markets in the western U.S. Pathfinder has acquired or sold more than $1 billion of properties since its founding in 2006.

“Following one of our most successful quarterly closings to date, there continues to be a tremendous opportunity for accredited investors to take advantage of the ongoing housing supply/demand imbalance in the U.S. by adding additional real estate to their portfolios,” said Mitch Siegler, co-founder and managing director of Pathfinder. “With the availability of low-cost debt and favorable market demographics, the Pathfinder Income Fund provides a low-risk income-generating vehicle for investing in multifamily properties and a legitimate alternative to the bond market – with superior upside.”

Pathfinder also announced the fund’s $44 million acquisition of Echo Ridge, a 168-unit apartment community in Denver.