Lingerfelt Commonwealth holds $102m final close

Lingerfelt Commonwealth Partners, a vertically integrated, full-service real estate investment management firm, has held $101.5 million final close for its second value-add real estate fund, Lingerfelt Commonwealth Value Fund II, slightly above its $100 million target.
Consistent with the investment strategy of its predecessor fund, Fund II will focus on all property types investing, with exception of multifamily, in the eastern half of the United States, including Texas, with a value-add/opportunistic profile.
Lingerfelt received support from its existing investor base of high-net-worth individuals while expanding its base to include several family offices, endowments and foundations.
Lingerfelt’s first fund, Lingerfelt CommonWealth Legacy Fund, is currently acquiring, repositioning, renovating, developing/leasing and managing a diversified portfolio of income-producing property types across primary, secondary and tertiary metropolitan areas in the eastern United States.

Lingerfelt Commonwealth holds $102m final close
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