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Carmel Partners Closes $820M Hard-Cap Fund

SAN FRANCISCO-Carmel Partners Investment Fund IV, with a target raise of $700 million, reaches its “hard cap” and holds its final close.

By Carrie Rossenfeld | Updated on October 02, 2012

(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)

SAN FRANCISCO-In order to continue pursuing its proven strategy of investing in the multifamily sector through value-add acquisitions, certain ground-up developments, debt investments and joint ventures with appropriate risk/return profiles, Carmel Partners has closed its fourth discretionary institutional real estate investment fund. Carmel Partners Investment Fund IV, targeted to raise $700 million, reached its “hard cap,” with total commitments of $820 million.

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