WAYNE, Pa., July 13, 2022 /PRNewswire/ — Argosy Real Estate Partners (“AREP”) is happy to announce the ultimate closing of Argosy Serious Estate Make-For-Rent Co-Expense, L.P. (“ARE BFR”) on June 30, 2022. ARE BFR raised $110 million to make co-investments in single-relatives create-for-rent progress assignments together with Argosy Actual Estate Companions IV, L.P. (“AREP IV”), a discretionary, shut-conclusion diversified actual estate fund with $286 million in investor commitments.
Buyers in ARE BFR involved institutional buyers, family members places of work and higher net really worth people today. ARE BFR targets the enhancement of one-family establish-for-rent property all through the United States. To day, ARE BFR has invested in 10 assignments totaling 1,317 models comprising a overall growth price of $490 million.
As a organization, AREP has invested $312 million into 21 one-family construct-for-rent tasks totaling $1.03 billion in total advancement price and maintains a solid pipeline of single-loved ones make-for-lease initiatives.
Argosy Authentic Estate Associates specializes in opportunistic, value-increase, main-additionally, and Prospect Zone true estate investments in the reduce middle market place, focusing on investments that have to have among $5 and $30 million of fairness. By way of joint enterprise constructions, Argosy True Estate Associates invests together with working companions who have sizeable current market information and a shown keep track of report. As of March 31, 2022, the business at this time has roughly $2. billion of gross property and fairness commitments less than management and manages 10 discretionary, shut-conclusion funds with an trader foundation of institutional buyers, household workplaces and large net worth people. AREP is led by Co-CEOs and Controlling Associates David Butler and Andy Stewart and invests nationally from three offices like its headquarters in Philadelphia and supplemental places of work in Denver and San Francisco.
For much more facts on Argosy Authentic Estate Partners, you should stop by www.argosyrep.com.
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Phoebe Joseph, Vice President of Investor Relations
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Resource Argosy Actual Estate Associates