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| 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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