Carmel Partners Closes $1.35B Fund 9

Carmel Partners has closed its ninth multifamily real estate value creation fund at $1.35bn. The final close came in below the firm’s record target, with the article noting a $1.58bn figure it had gathered.

The excerpt indicates the fund is focused on multifamily real estate value creation, but it does not provide additional fund terms, geography, or investment strategy details beyond that mandate.