Covenant attracts $600m to multi-family real estate fund

Nashville, Tenn.-based real estate firm Covenant Capital Group closed its largest fund in its 20-year history earlier this year with $600 million of committed capital.

Covenant Apartment Fund X began raising assets in 2020 and exceeded the commitments of its previous fund by over 50%.

Covenan't Govan White

The new fund plans to invest more than $1.7 billion, including debt, into approximately 40-50 assets over the next three years. The fund already has closed on 13 transactions, with over $600 million in total capitalization.

“Our value creation efforts . . .

Related Articles

Continue Reading

Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available.

Get started

Back to top button

Start Your Days in the Know

 

Get fresh alts intel in your inbox with our FREE newsletter!

You have Successfully Subscribed!