Momentum in the affordable housing sector has PEF Advisors' president and chief investment officer Ann Caruana excited. So much so that her firm this week announced it had met its fund's goal of $100 million for the organization's second fund in its equity fund strategy.
"[Interest] has been tremendous [with] institutional capital in helping us preserve affordable housing," she said in a prepared statement.
PEF focuses on affordable housing in high-cost markets. Its prototype Fund 1 closed with $25 million.
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