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The Milestone Group has closed Milestone Real Estate Investors V with capital commitments of $750 million. The fund is expected to ultimately invest in more than $2 billion of multifamily assets.

Fund V is Milestone’s 18th investment vehicle and its fifth discretionary fund focused on the US multifamily sector. Both existing and new investors participated in the capital raise, including US  and foreign institutional investors, public and private pension funds, endowments, foundations, insurance companies and other financial institutions. 

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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