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Lion Real Estate Group closes multifamily fund with over $200M - Dallas Business Journal

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The new fund will execute LREG's strategy of acquiring value-add multifamily real estate throughout the Sun Belt.

"We are extremely pleased to have closed our latest fund," Jeff Weller, co-founder and Managing Principal of LREG, said in the release."This is an opportune time for a firm of our size to be buying multifamily assets which can be a great source of risk-adjusted returns and also provide tax efficiencies for our LP base.

According to the release, LREG Multifamily Fund II, follows Marble Partners Fund I, LP, which purchased over $500 million for 15 real estate assets and 3,503 units. "The macroeconomic factors of rising interest rates and inflation that are currently playing out in the U.S. mean that we are seeing, in cases, a 20% discount in our target assets," Mory Barak, co-founder and Managing Principal of LREG, said in the release."The overall health of this sector is very strong, with higher occupancy rates and lower rent volatility than other real asset classes.

 

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