News Formal

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

  • 📰 DallasBizNews
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 525. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Dallas treasure' Allie Beth Allman honored for lifetime of achievement - Dallas Business JournalIn his introduction of Allie Beth Allman, NFL Hall of Famer and ESPN broadcaster Troy Aikman called her “a Dallas treasure,” who represents “A Who’s Who list of clients.”
Source: DallasBizNews - 🏆 525. / 51 Read more »

Quiet quitting is on the rise and causing headaches for employers - Dallas Business JournalExperts say quiet quitting isn't new. But it's causing new headaches for employers in the Covid-19 era job market.
Source: DallasBizNews - 🏆 525. / 51 Read more »

PGA of America's CEO: Why golf has never been in better shape - Dallas Business JournalSeth Waugh, CEO of the PGA of America, spoke about the current state of golf and the 'real possibility' that the Ryder Cup will be coming to Frisco in the future.
Source: DallasBizNews - 🏆 525. / 51 Read more »

RailPros continues to grow, plans to hire 200 employees this year - Dallas Business JournalCEO Ken Koff attributed the resilience of RailPros during the economic downturn to its employees and a never-ending need for infrastructure improvements across the U.S.
Source: DallasBizNews - 🏆 525. / 51 Read more »