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2/24/16
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The ConAm Group has just closed its ConAm Multifamily Acquisition Fund, which completed its $120 mil capital raise. The Fund has already 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 mil 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.
The firm, led by co-presidents Rob Singh and Bob Svatos, expects expect to deploy Fund capital into a total of $400 mil in multifamily properties, generally in Western U.S. markets. O’Melveny and Myers, LLP served as counsel to the ConAm Fund and its related entities.
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