Wednesday, February 17, 2016

ConAm Group Announces Final Closing of its Multifamily Investment Fund with $120 Million in equity Commitments

Rob Singh
SAN DIEGO, CA – The ConAm Group (ConAm) has announced the final close of its fund, the ConAm Multifamily Acquisition Fund, which completed its $120 million capital raise, according to Rob Singh and Bob Svatos, Co-Presidents of ConAm.

“With a strong group of private investors, we were able to secure equity commitments and complete the capital raising for the fund in record time,” says Singh. “We expect to deploy Fund capital into approximately $400 million in multifamily properties, generally in Western U.S. markets.”

The ConAm Fund has invested approximately 55 percent of the capital through its acquisition of five multifamily properties in 2015, totaling approximately 1,300 apartment units and more than $170 million in asset value.

Fund properties acquired to date represent a geographically diverse portfolio with properties located in Denver, the East San Francisco Bay Area, Phoenix, Las Vegas and the Seattle metropolitan area. ConAm will continue to target well-located multifamily properties with a value-add opportunity for its Fund. 

O’Melveny and Myers, LLP served as counsel to the ConAm Fund and its related entities.

 For a complete copy of the company’s news release, please contact:

Miki Conant or Lexi Astfalk
Brower, Miller & Cole
(949) 955-7940

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