Titan Fund Management, a vertically integrated real estate developer, has raised $100 million for Titan Development Real Estate Fund I. The milestone comes just seven months after the fund’s launch in October of 2017.
TDREF I was established to invest equity in approximately $600 million of Titan Development’s existing pipeline as well as other opportunities. The 22-project pipeline creates a ‘hybrid-direct’ investment opportunity that promotes swift deployment of capital. To date, the fund has committed $60 million to 12 projects.
The fund invests in a variety of assets including multifamily, self-storage, senior living, and industrial in secondary and tertiary markets.
The fund is expected to hold a final close in October 2018.