FIFIELD REALTY PARTNERS FORMS $600 MILLION APARTMENT ACQUISITION FUND

by admin

CHICAGO — Chicago-based Fifield Realty Partner has formed Fifield Residential Partners IV (FRP IV), a new apartment acquisition fund. The fund will focus on purchasing core-plus and value-add properties as well as short-sale transactions and loan-to-own acquisitions. FRP IV, along with several institutional partners, will invest up to $200 million cash to acquire up to $600 million in apartments across the country in 2010. The fund is actively looking for properties in Phoenix; Houston; Dallas; Austin, Texas; Chicago; Los Angeles and Orange County, Calif.

You may also like