0M Fund Targets South Florida Developments
Miami. Image by Jessica45 via Pixabay Participant Capital Advisors , a Miami-based real estate investment firm that manages private equity real est...
Miami. Image by Jessica45 via Pixabay Participant Capital Advisors , a Miami-based real estate investment firm that manages private equity real estate funds, has launched a multifamily development investment vehicle targeting Sun Belt communities with a focus on Florida. Participant Capital Sun Belt Multifamily Development Fund I has a fundraising target of $250 million. The closed-end private equity real estate vehicle has an eight-year projected term. Allocations from the fund will be primarily aimed at low-rise multifamily projects in the rapidly growing suburbs of Orlando and Tampa along with mid- and high-rise projects in Miami and other major urban centers in South Florida.