The Bainbridge Companies is targeting to raise between $250 million and $300 million through its first multifamily fund — and it's already busy deploying capital.
Along with the goal, the developer said in a statement that it had closed its first acquisition for the fund related to Wesley Chapel Apartments in the Tampa, Florida, area.
The luxury community consists of 228 units. Some amenities at Wesley Chapel include a fitness center, a clubhouse, a media room, a pool, a pickleball court, stainless steel appliances, walk-in closets, a beach entry pool, and electric vehicle charging.
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