February 24, 2024

Copyright © 2022 ALM Global, LLC. All Rights Reserved.
alm.com
Miami—Locally-based private equity real estate firm Cardone Capital has closed two funds to purchase four properties worth $350 million. The firm also launched a new opportunity fund focused on distressed properties.
Funds VI and VIII were oversubscribed by $4.2 million with Cardone Capital raising $112 million of equity and capital. The properties purchased through the funds include the 288-unit 10X Living at Panama City Beach; Columbia, MD’s 531-unit 10X Living at Columbia Towncenter; a 360-unit retreat at Panama City Beach; and 294-unit Addison Place in Naples.

*May exclude premium content
Already have an account?
I am a reporter for Legaltech News where I cover data privacy, cybersecurity and technology’s impact on the business and practice of law.
More from this author
Could There Be a CRE Upside to a Recession?
Here Are the Best Cities for Gen Z
Class C Apartments Showing Cracks
Thought the Fed Might Back Off on Rate Hikes Soon? You Were Mistaken
Building Materials Costs Growing at Astonishing Rates
Lynn Pollack |
New York metro area will deliver 28,000 while Dallas-Fort Worth will develop 23,500 new units.
Erik Sherman |
The acquisition includes office and industrial property management, agency leasing, and project management services.
Erik Sherman |
The major mixed-use development will reportedly blend virtual and physical realities.
eBook
Sponsored by essensys
The Business Case for an Intelligent Digital Backbone in Multi-tenanted Commercial Buildings
The commercial real estate industry is navigating changing dynamics with the rise of hybrid working environments and greater demand for digitally-enabled buildings and spaces. But delivering on this demand brings increasing amounts of complexity. Download this eBook for key considerations when evaluating a digital infrastructure.
Browse More Resources ›
White Paper
Sponsored by Placer Labs Inc.
2022 Domestic Migration Trends
Download this white paper to understand if and how COVID impacted domestic migration patterns on a state, city and zip code level; including how these patterns are affecting CRE stakeholders.
Browse More Resources ›
Report
Sponsored by Rent.
2022 Multifamily State of the Industry Report
There are three major trends converging to shape new renter dynamics: The Great Resignation, The Occupancy Fallacy, and The Renter Research Revolution. Download this report to explore these trends and learn how to thrive in this new era.
Browse More Resources ›

Copyright © 2022 ALM Global, LLC. All Rights Reserved.

source

About Author

Leave a Reply