Form D Friday: Real estate fund raises ramp up – Dallas Business Journal

Welcome back to Form D Friday, where we take a look at local regulatory filings each week to see who’s raising capital for a new project, a new investment idea, or to simply expand their business.

Form Ds don’t typically have a lot of details, but they do provide an early glimpse at what investors and business owners are planning. Where we can, we’ll track down some additional tidbits from filers. If you have any tips or comments about new fundraises, drop me a note at jprior@bizjournals.com.

This week, several real estate investment firms have ramped up their fund raises for everything from multifamily deals to self-storage and retail properties…

Madera Residential: $33 million

Lubbock real estate investment firm Madera Residential is attempting to raise a little more than $33 million for its fourth capital fund, according to a filing. The company, which operates many apartment complexes in the Dallas-Fort Worth area and across Texas, did its first deal for an apartment building in Baytown, Texas, in 2008 just after Hurricane Ike hit the area.

Phoenix Capital Partners: $6.7 million

Dallas real estate private equity firm Phoenix Capital Partners has raised $6.7 million as part of its “Dominion series,” according to a filing. The firm taps its network of institutional investors, wealthy family offices and individual clients to go in on joint venture real estate projects with developers. The firm shifted to a private equity format in 2009 to focus on multifamily projects. They’ve invested in 68 projects since then.

Crow Holdings: Unknown

Dallas real estate giant Crow Holdings Capital has registered a new private equity fund to invest in self-storage deals, according to a filing. It’s unclear how much the firm intends to raise. Crow Holdings began investing in self-storage facilities in 2016. This fund appears to be focused on Class A buildings.

Newport Capital Advisors: $8 million

Dallas real estate investment firm Newport Capital Advisors has raised $8 million for a property deal, according to a filing. The firm invests between $1 million to $10 million its deals for multifamily and retail developments, typically as preferred equity behind a first mortgage. Newport focuses on older properties in secondary markets outside of big cities in the Midwest. The filing indicates the latest fund raise to be for a property called “Moore Plaza.” There’s a retail spot in Corpus Christi by the same name, but the firm didn’t immediately confirm which one it was investing in.

RREAF Holdings: $1.6 million

Dallas real estate investment firm RREAF Holdings has raised $1.6 million for a portfolio of multifamily properties in the Southeast, per a filing. The firm is attempting to raise $3.8 million for the venture. The company, which was started in 2010, typically has a three- to five-year investment period.

Welcome back to Form D Friday, where we take a look at local regulatory filings each week to see who’s raising capital for a new project, a new investment idea, or to simply expand their business.

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