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| Greg Ward |
MIAMI, FL – Atlantic |
Pacific Companies (A|P) and Blue Arch Advisors announced the closing of their
co-sponsored fund, Blue Atlantic Partners II, which will focus on investing in
existing multifamily communities in the Southeast and Southwest U.S.
The fund closed with
approximately $110 million of equity capital commitments.
The fund expects
additional closings in the coming months with a total target raise for the fund
of up to $175 million of equity which together with anticipated leverage is
expected to have buying power of approximately $500 million. Investors in the
fund include domestic and international institutions and high net worth
individuals.
“In Blue Atlantic Partners
I, we were able to successfully acquire $260 million in multifamily assets for
our investors in a nine month period,” said Greg Ward, Managing Partner with the fund from A|P. “We are excited
for the opportunity to provide the same level of service for our clients in
Fund II."
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| Gil Hermon |
"We are grateful for
the support from our investors, especially our repeat investors, and very
excited to continue to grow our platform," said Gil Hermon, Managing
Partner with the fund from Blue Arch Advisors.
For more information about
A|P and its array of real estate services including development, property
management, affordable housing, and construction, visit www.apcompanies.com or
call (800) 918–1145. Follow A|P on Facebook (@AtlanticPacificCompanies),
Instagram (@APCompanies) and Twitter (@APCompanies).
For a complete copy of the company’s news release,
please contact:
Jessica Wade Pfeffer,
President
MIAMI OFFICE: 7100
Biscayne Blvd., Suite 306A | Miami, FL 33138
NEW YORK OFFICE: 401 Park
Ave. S., Suite 10-017 | New York, NY 10016
Headquarters Phone
+1.305.456.0483 | Cell +1.305.804.8424
Facebook, Instagram and
Twitter @JWIpr
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