Weekly Real Estate News
An Austin, Texas-based real estate development and investment firm has closed on a $610 million private equity fund to purchase commercial real estate in five U.S. markets.
Austin-based Endeavor Real Estate Group, a real estate development and investment firm, has closed on a $610 million private equity fund to purchase commercial real estate in Austin, Charlotte, Dallas, Nashville and Salt Lake City, with a focus on between 20 and 25 investments across the industrial, mixed-use, multifamily and retail sectors.
According to a CoStar News report, the Endeavor Opportunity Partners III LP fund is expected to yield a total capitalization of $1.5 billion. This is the third fund in Endeavor’s history, as well as its largest to date.
“The fund is notable for not only reaching its target raise during a challenging fund-raising period for commercial real estate, but also for the strong support from new and existing partners, including over $500 million from private wealth sources,” said a company spokesperson in a statement.
