January 17, 2020
Private equity real estate investment firm Eller Capital Partners has announced the launch of a new multifamily acquisitions fund focused on major metropolitan areas in the Southeast.
Eller has set a target of $50 million for a new fund and will execute a dual investment strategy that serves the firm’s institutional and private wealth partners. The fund has already acquired four multifamily communities across North and South Carolina that include Alta Surf, a 216-unit community in Myrtle Beach; Northcliffe Forest, a 288-unit community in Winston-Salem; West End Flats, a 188-unit community in Carrboro and Midtown 501, a 248-unit community in Chapel Hill.
“Current market conditions and shifting demographic patterns have spurred new demand for investment vehicles that can capitalize on the exceptional amount of growth and development occurring in the Southeast,” said Daniel Eller, founder and CEO at Eller Capital Partners. “Eller Capital’s prior track record in generating meaningful, risk-adjusted returns through our proven repositioning blueprint has earned the trust of our investment partners.”
*Pictured above is Daniel Eller
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