Atlantic | Pacific Companies (A|P) and Blue Arch Advisors announced today the closing of their co-sponsored fund, Blue Atlantic Partners III, which will focus on investing in existing multifamily communities in the Southern U.S.
The fund had a first closing with $140 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 $300 million of equity which together with anticipated leverage is expected to have buying power of over $600 million. Investors in the fund include domestic and international institutions and high net worth individuals.
“In subsequent Blue Atlantic Partners’ vehicles, we successfully acquired approximately $1.0 billion of multifamily assets for our investors,” 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 partners in Fund III.”
The fund’s strategy will be to purchase existing multifamily communities that can benefit from A|P’s property management expertise and value add/renovation program. The fund’s target locations are affluent suburbs of major cities in the Southeast and Southwest U.S.
“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).
About Atlantic | Pacific Companies
Atlantic | Pacific Real Estate Group (A|P) is active in acquisitions, asset management and property leasing & management of multifamily communities throughout the United States. Currently, A|P owns and or manages more than 36,000 units and employs more than 1,500 skilled professionals dedicated to the highest level of support and satisfaction found within the industry. A|P is a fully integrated real estate operating company skilled at renovating, repositioning, and managing multi-family communities. A|P acquires multi-family assets through joint venture partnerships and through our Blue Atlantic Real Estate Fund. For more information, visit www.apcompanies.com.
About Blue Arch Advisors
Blue Arch Advisors and Blue Arch Capital (“Blue Arch”), is a privately held real estate asset manager dedicated to investing in alternative real estate strategies. Blue Arch seeks to generate absolute risk adjusted returns for its investors by investing in select asset classes with best-in-class operators and managers of real estate, with the goal in mind to generate dedicated platforms in specific strategies. Blue Arch targets investment opportunities in diverse classes of real estate assets and real estate-related products including multifamily residential, commercial, healthcare, storage and hospitality. Blue Arch generally focuses on investments that have value add potential to improve asset management, operations, capitalization and financing or branding in order to generate outsized returns. Its principals have decades of investment experience and invest their own capital alongside each investment to align interest for all investors. For more information, visit www.bluearchcapital.com.
