Argosy Real Estate Partners Announces Final Closing of SFR/BFR Co-Investment Vehicle
Argosy Real Estate Partners (“AREP”) is pleased to announce the final closing of Argosy Real Estate Build-For-Rent Co-Investment, L.P. (“ARE BFR”) on June 30, 2022. ARE BFR raised $110 million to make co-investments in single-family build-for-rent development projects alongside Argosy Real Estate Partners IV, L.P. (“AREP IV”), a discretionary, closed-end diversified real estate fund with $286 million in investor commitments.
Investors in ARE BFR included institutional investors, family offices and high net worth individuals. ARE BFR targets the development of single-family build-for-rent assets throughout the United States. To date, ARE BFR has invested in 10 projects totaling 1,317 units comprising a total development cost of $490 million.
As a firm, AREP has invested $312 million into 21 single-family build-for-rent projects totaling $1.03 billion in total development cost and maintains a strong pipeline of single-family build-for-rent projects.
Argosy Real Estate Partners specializes in opportunistic, value-add, core-plus, and Opportunity Zone real estate investments in the lower middle market, focusing on investments that require between $5 and $30 million of equity. Through joint venture structures, Argosy Real Estate Partners invests alongside operating partners who possess substantial market knowledge and a demonstrated track record. As of March 31, 2022, the firm currently has approximately $2.0 billion of gross assets and equity commitments under management and manages ten discretionary, closed-end funds with an investor base of institutional investors, family offices and high net worth individuals. AREP is led by Co-CEOs and Managing Partners David Butler and Andy Stewart and invests nationally from three offices including its headquarters in Philadelphia and additional offices in Denver and San Francisco.
For more information on Argosy Real Estate Partners, please visit www.argosyrep.com.
Contact information:
Phoebe Joseph, Vice President of Investor Relations
415.795.2606