Auerbach Funds has successfully completed a preferred equity investment of $2 million in the Capitol at 28th Apartments located in Oklahoma City, OK. This acquisition marks the third asset addition to the Auerbach Opportunity Fund IV portfolio, identified as having significant potential for value-add renovations. Despite challenging capital markets and a tight closing window, Auerbach managed to swiftly secure this investment, further bolstering their growing portfolio in Oklahoma. The closing of Fund IV began in January 2024 with plans for continued equity commitments through 2025. Auerbach’s strategic focus lies in distressed and underperforming assets across multiple property types and U.S. regions, leveraging efficient capital deployment to stabilize and enhance asset value.
Real Estate, Private Equity,United States, Oklahoma, North Carolina
https://www.einpresswire.com/article/739346666/auerbach-funds-closes-preferred-equity-investment-in-capitol-at-28th-multifamily-acquisition?ref=rss&code=TBZPx1kIfwj9TStk