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Waterton Closes on $1.5B Multifamily Value-Add Fund
Chicago-based Waterton reached the final close of its Waterton Residential Property Venture XIV, L.P. fund with $1.5 billion of equity commitments from a diverse group of global institutional investors. The fund is one of the largest dedicated multifamily value-add funds in the U.S. and the firm is poised to invest Venture XIV capital through a period of historic disruption.
“We expect to see significant opportunities in the multifamily sector across the country due to the disruptive nature of the COVID recession,” said David Schwartz, chairman and CEO of Waterton. “This fund represents a unique opportunity to invest in a strategy we’ve been executing for 25 years that evolves to capitalize on cycle-specific opportunities, which should be plentiful in the current market environment.”
Venture XIV will target cycle-specific distressed opportunities as well as traditional assets that would benefit from Waterton’s vertically integrated design, construction and operations strategy.
For comments, questions or concerns, please contact Paul Bubny
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