– Milestone Group announced the final close of Milestone Real Estate Investors VI, LP (“Fund VI”) at its $1.1 billion hard cap.
– Fund VI was oversubscribed, signaling strong demand despite a difficult
fundraising environment.
– Chris Bartlett, COO, highlighted the fund’s positioning to acquire high-quality multifamily assets at attractive pricing while maintaining a disciplined, risk-aware strategy.
– Fund VI continues Milestone’s value-add approach, focusing on acquiring and repositioning middle-market suburban multifamily communities in high-growth U.S. Sunbelt and Mid-Atlantic markets.
– Targets include well-located, undercapitalized, and undermanaged properties with embedded growth opportunities.
– Jeffrey Goldberg, Co-Managing Partner, emphasized Milestone’s solutions-oriented approach, using structures such as recapitalizations, debt assumptions, entity purchases, portfolio acquisitions, and rescue capital.
– Since inception, Milestone has invested over $9 billion across 90,000+ multifamily units.
– The firm has consistently delivered top quartile returns in prior funds based on Cambridge Private Real Estate Index benchmarks.
– Fund VI has already closed investments in multifamily communities in South Florida, Northern Virginia, and Denver, acquired below replacement cost with strong market fundamentals.
– Fund VI’s investor base includes global institutions: public and private pension funds, insurance companies, foundations, a sovereign wealth fund, family offices, and ultra-high-net-worth investors.
