Carmel Closes $1.35B Value-Add Apartment Fund

Carmel closes $1.35B value-add apartment fund

CEO Ron Zeff told Multifamily Dive that his firm has its best opportunity in 30 years to buy assets in coastal gateway markets, as core capital continues its retreat.

Carmel Partners Closes Fund 9 at $1.35 Billion

SAN FRANCISCO, April 7, 2026 – Carmel Partners (“Carmel”) announced today the final close of Carmel Partners Investment Fund 9, its U.S. multifamily real estate value creation fund. Fund 9 successfully closed at $1.35 billion and has already acquired nine operating assets. Investors include U.S. and international pension funds, endowments, foundations, select family offices and high-net worth managers. Carmel has successfully raised over $8.5 bi…

Carmel Partners falls short of record fund total with $1.35bn Fund 9 final close

Carmel Partners has closed its ninth multifamily real estate value creation fund on $1.35bn, below the $1.58bn it gathered for its predecessor vehicle in 2023. The post Carmel Partners falls short of record fund total with $1.35bn Fund 9 final close appeared first on AltAssets Private Equity News.