Pantzer Properties closed its fifth real estate fund, Panco Strategic Real Estate Fund V. The fund was oversubscribed with $781 million in capital commitments, exceeding the fundraising target of $750 million.
Fund V received substantial commitments from endowments, pension funds, healthcare systems, foundations, non-profits, Registered Investment Advisors, family offices and high net worth individuals. Fund V is approximately 75% larger than Pantzer’s prior fund.
Fund V is a continuation of Pantzer’s fully discretionary private equity fund series known as the Panco Strategic Real Estate Funds, focusing on tangible multifamily assets in high-barrier to entry markets along the East Coast of the United States.