
Momentum Real Estate Partners Closes Fourth Fund Over $140M
Momentum Real Estate Partners, a private equity firm in the real estate sector, announced the closing of Fund IV with a capital raise of more than $140 million. The new fund surpasses its previous fund by 29%.
Fund IV will focus on acquiring and managing multifamily communities across the US. The fund has already acquired Drift at the Forum in Ft. Myers, FL, and has an upcoming acquisition in Nashville, TN.
Utilizing technology and management techniques, Fund IV aims to provide value to investors while enhancing the resident experience, according to the firm.
“The closing of Fund IV enhances our firm’s capabilities and emphasizes our focus on identifying and capitalizing on promising opportunities in the multifamily market,” said Mauricio Gruener, Co-President and Co-CEO of Momentum Real Estate Partners.
Based in Miami, Momentum Real Estate Partners has a 10-year history of investments in major US markets, totaling $748 million in property value. The firm’s portfolio includes 19 projects and approximately 4,900 residential units across 14 cities.
From Left: Mauricio Gruener, co-president, co-CEO | Eduardo Gruener, co-president, co-CEO
