Boston-based Marcus Partners, a real estate investment, management and development firm, has completed fundraising for Marcus Capital Partners Fund V, L.P., a value-add real estate fund with commitments totaling $875 million. This exceeds both the original $750-million fundraising target and $850-million hard cap.
“Strong participation from our existing investors, along with several new institutional partners, drove interest in Fund V well beyond its capacity,” said Patrick Sousa, Partner, COO & head of capital at Marcus Partners. “The oversubscription reflects investor confidence in our strategy, our team, and our disciplined approach to investing across market cycles.”
The firm is active across the East Coast corridor from New Hampshire to Georgia, with offices in the metropolitan areas of Boston, New York, Washington, DC and, most recently, Atlanta. In recent years, Marcus Partners has focused its value-add strategy on industrial and multifamily investments, while also investing across additional property types.
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