Sares Regis Multifamily Investment Management exceeds target, raising $548 million for its Multifamily Value-Add Fund IV
SaresRegis Multifamily Investment Management held a final closing for its fourth multifamily value-add real estate fund, Sares Regis Multifamily Value-Add Fund IV (“Fund IV”), on October 26th, 2022. Following the success of its $328 million Fund III and prior funds, Fund IV exceeded its target of $500 million, with $548 million in commitments due to strong support from existing LP’s as well as new investor demand for multifamily exposure in key Western and Southwestern U.S. markets. Fund IV’s investors, many of which have been longtime clients of Sares Regis, include private and public pension funds, insurance companies, wealth managers, and family offices.
Fund IV will continue and expand upon SaresRegis’ successful value-add strategy of acquiring, renovating, and enhancing Class-B multifamily properties in the most rapidly growing, supply-constrained submarkets in the Western and Southwestern regions of the U.S. These target properties are typically undermanaged and under capitalized, and benefit from high return-on-cost renovations and operational enhancements. Sares Regis’ value-add program is intended to provide renters with high-quality amenities and features priced below Class-A market alternatives, while generating attractive risk-adjusted returns for its investors.