|RICHMOND, VA, MAY 31, 2018
Lingerfelt Commonwealth Partners (“Lingerfelt”) announced today the final closing of its second value-add real estate fund, Lingerfelt Commonwealth Value Fund II, L.P. (“Fund II”) slightly above its $100 million target. Consistent with the investment strategy of its predecessor fund, Fund II will focus on all property types of real estate investing, with exception of multi-family, in the Eastern half of the United States, including Texas, with a value-add/opportunistic profile.
Lingerfelt received strong support from its existing investor base of high net worth individuals while expanding its base to include several family offices, endowments and foundations. “We are truly thankful and appreciative of the continued support and trust of our existing investor base and are thrilled to add a select group of family offices, endowments and foundations,” said Ryan Lingerfelt, President and CIO of Lingerfelt.
ABOUT LINGERFELT COMMONWEALTH PARTNERS
Lingerfelt CommonWealth Partners, headquartered in Richmond, VA, is a vertically integrated, full service real estate investment management firm with additional offices in Charlotte, NC, Greensboro, NC, Greenville, SC, Hampton Roads, VA, Houston, TX, Jacksonville, FL, Nashville TN, Raleigh, NC, Reading, PA, and Tampa, FL. Together with its predecessors in the private sector and public REIT sector, its partners have built, acquired and managed nearly 20 million square feet of commercial real estate valued at approximately $2 billion of commercial properties across the Mid-Atlantic and Southeast.
Learn more at www.lingerfeltcommonwealthpartners.com