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A-Rod Led R.E. Investment Firm Launches Fourth Housing Fund

The firm’s newly launched Fund IV, is a value-add workforce housing fund that will focus on expanding Monument’s presence within Sunbelt markets, as well as select areas of the US Midwest, where it already has a presence.

Monument Capital Management was founded in 2012 by Alex Rodriguez and Ramon Corona. Monument Capital Management was founded in 2012 by Alex Rodriguez and Ramon Corona.

MIAMI—A real estate investment firm founded and led in part by former Major League Baseball great Alex Rodriguez has closed its first workforce housing fund and has launched its fourth fund with a target of raising $50 million in capital.

Miami-based Monument Capital Management, an A-Rod Corp. company, reports it closed its first multifamily fund—Fund I—with the sale of its Hampton Forrest Apartments complex in Greenville, SC for $8.9 million. With more than $20 million raised from high net-worth investors, Fund I eventually consisted of a total of more than 2,700 workforce housing units in six states, primarily located in Texas, Maryland and the Southeast US.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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