PointOne Holdings’ Fund VI to develop 1,200 multifamily units for a total capitalized value of $180 million
PointOne Holdings announced the closing of its sixth fund to develop 1,200 multifamily units for a total capitalized value of $180 million. The properties will be strategically located in high growth and high barrier-to-entry suburban markets in the Southeastern United States and Texas.
The closing of this fund is yet another milestone for the firm as it continues the development of Class-A multifamily properties in top in-migration suburban destinations fueled by strong population in-flows and high-end demographics.
“PointOne Holdings has successfully executed on its business plan by selling its pre-2000 vintage multifamily properties for a total value of $215 million and becoming actively involved in the multifamily development space with six new projects in different stages of development” said Leo Peicher, PointOne Holdings Managing Partner.
“We are excited about PointOne Holdings’ investment strategy to develop and own thoughtfully designed, best-in-class, institutional-quality multifamily assets while providing our investors consistent cash flow, a hedge against inflation and market fluctuations, as well as excellent returns” said Ben Colonomos, PointOne Holdings’ Managing Partner.
PointOne Holdings is a real estate investment firm headquartered in South Florida and Atlanta with properties located throughout the Southeastern United States and Texas. The firm owns and manages a diversified portfolio of residential and commercial assets valued in excess of $730 million. PointOne Holdings’ core principles are founded on precise investment selection, thorough due diligence, creative deal structuring, strong financial management and proactive and responsive communication. PointOne Holdings’ principals are seasoned professionals with over 40 years of combined experience who have collectively conducted over $1.9 billion in real estate transactions.