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 . . .

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