Kinect Real Estate Partners Closes $127M Fund for MF Projects
Kinect Real Estate Partners, a Bellevue investment firm linked to multifamily developer American Capital Group, announced the $126.5 million close of Kinect Opportunity Fund II, the firm’s second GP fund, exceeding its $100 million target.
The fund will focus on development and value-add opportunities in multifamily assets, with a development pipeline totaling approximately $1.6 billion and more than 3,000 apartment units across high-growth western markets including Bellevue, Redmond and Bothell in Washington, as well as Mountain View and San Diego in California.
“We set out to extend a time-tested real estate strategy to the private wealth channel through a platform where operational depth and investment discipline are fully aligned,” said BJ Kuula, Co-Founder and Managing Partner of Kinect Real Estate Partners and CEO of American Capital Group. “The close of Kinect Opportunity Fund II reflects the momentum we’re seeing from investors who value that alignment and are increasingly seeking institutional-quality real estate opportunities backed by experienced operators.”
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JLL Arranges Financing for Lightstone Acquisition on Upper West Side
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National City Investment Group Commences Workforce Housing Build
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Levin Johnston Closes Apartment Sale in One of San Jose’s Strongest Submarkets
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout