Mount Vernon Partners has launched a $100-million real estate investment fund geared at acquiring and managing properties in and adjacent to the Carolinas.
CHARLOTTE, NC—Locally-based private real estate investment firm Mount Vernon Partners, LLC has launched a $100-million real estate fund that will target opportunities in the Carolinas and nearby markets in the Southeast.
The firm states that its MVP Fund will focus on middle market real estate-based investments including joint ventures, active or passive investments, urban infill development projects, income producing properties and substantial value-added renovations including historic properties.
The fund is available to accredited investors in two-unit ownership classes—Class A and Class B. Class A contributions will be $250,000 per unit and initial capital investors can purchase interests as small as 10% of a unit for $25,000. Any investments below $250,000 will receive Class “B' status, the company notes.
“This new fund allows investors to participate in the rapid growth in the North and South Carolina regions and be part of building robust economic sources for their communities while developing a more diversified and secure portfolio,” says Cameron Glaws, managing partner of Mount Vernon Partners.
Mount Vernon Partners, which also has an office in Charleston, SC, specializes in the acquisition, development, and value-added positions in Historic Tax Credit renovations, office, and hospitality assets.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
