Fund II, raised in 2005 with equity commitments of $400 million, executed an investment strategy targeting six core markets. The Fund II portfolio includes 22 multifamily assets totaling 4,535 units, representing a mix of renovation, development, and debt strategies.

Fund III, a 2007 vintage fund with equity commitments of $700 million, executed an investment strategy targeting Carmel's seven markets: Northern California, Southern California, Seattle, Denver, the New York City metro area, Washington, DC and Hawaii. The Fund III portfolio includes 33 multifamily assets totaling 6,230 units, with a mix of renovation, development and debt strategies.

Fund IV, a 2011 vintage fund with equity commitments of $820 million, executed an investment strategy targeting five core markets. The Fund IV portfolio includes 21 multifamily assets totaling 6,445 units, representing a mix of renovation, development, and debt strategies.

Fund V, a 2014 vintage fund with equity commitments of $1.025 billion, is executing an investment strategy targeting six core markets. Its portfolio includes eight multifamily assets totaling 4,388 units, representing a mix of renovation, development and debt strategies.

Several economic factors have resulted in net positives for the multifamily sector and prices in core markets are at an all-time high. But just how long can the market continue on this trajectory? Join us at RealShare Apartments East on Feb. 28 and March 1 for insights on succeeding in the right markets as well as navigating and finding opportunities in the more challenging ones. Learn more.

SAN FRANCISCO—Carmel Partners said Monday it had closed on its sixth multifamily fund since 2004. At $1.025 billion, Carmel Partners Investment Fund VI exceeded its target of $1 billion.

Founder and CEO Ron Zeff says the successful closing of Fund VI “confirms our investors' confidence in the Carmel value creation strategy: our multifamily sector focus, precise execution and a vertically integrated platform with deep in-house expertise.” More than 35 existing and new investors participated in Fund VI, including several from Europe. The firm focuses on multifamily investments, including property development and construction in supply-constrained, high barrier-to-entry US markets.

Fund VI has already made its first investment, in Oakland, CA, a market where Carmel has other holdings. Carmel will develop a full block-sized site located in the center of the city's evolving downtown area, convenient to jobs and public transportation.

Carmel's fundshave grown progressively larger, and the firm has raised a total of $4.2billion since launching its fund series. Fund I, an '04 -vintage fund with equity commitments of $215 million, executed an investment strategy targeting six core markets. The Fund I portfolio includes 17 multifamily assets totaling 5,135 units, representing a mix of renovation, development, and debt strategies. Liquidation of Fund I is now substantially complete.

Fund II, raised in 2005 with equity commitments of $400 million, executed an investment strategy targeting six core markets. The Fund II portfolio includes 22 multifamily assets totaling 4,535 units, representing a mix of renovation, development, and debt strategies.

Fund III, a 2007 vintage fund with equity commitments of $700 million, executed an investment strategy targeting Carmel's seven markets: Northern California, Southern California, Seattle, Denver, the New York City metro area, Washington, DC and Hawaii. The Fund III portfolio includes 33 multifamily assets totaling 6,230 units, with a mix of renovation, development and debt strategies.

Fund IV, a 2011 vintage fund with equity commitments of $820 million, executed an investment strategy targeting five core markets. The Fund IV portfolio includes 21 multifamily assets totaling 6,445 units, representing a mix of renovation, development, and debt strategies.

Fund V, a 2014 vintage fund with equity commitments of $1.025 billion, is executing an investment strategy targeting six core markets. Its portfolio includes eight multifamily assets totaling 4,388 units, representing a mix of renovation, development and debt strategies.

Several economic factors have resulted in net positives for the multifamily sector and prices in core markets are at an all-time high. But just how long can the market continue on this trajectory? Join us at RealShare Apartments East on Feb. 28 and March 1 for insights on succeeding in the right markets as well as navigating and finding opportunities in the more challenging ones. Learn more.