The Bascom Group has closed the offering for its fifth fully discretionary multifamily real estate investment fund after raising equity commitments of $150 million from high net-worth individuals, family offices, and institutions.

This equity, with leverage, provides up to $500 million of buying power for multifamily acquisitions in the US. Its goal is to have Fund V fully invested this year, according to the company.

Bascom Principal Chad Sanderson says that Fund V is designed to acquire value-add, distressed and opportunistic multifamily properties between $10 million and $90 million.

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