The Milestone Group has held the final close of its sixth discretionary private equity real estate vehicle, Milestone Real Estate Investors VI, LP, at its $1.1 billion hard cap. The oversubscribed fund continues Milestone’s flagship value-add strategy of acquiring and repositioning middle-market suburban multifamily communities across high-growth Sunbelt and Mid-Atlantic markets. 

Fund VI has already closed on several investments, including communities in South Florida, Northern Virginia, and Denver—each purchased at a meaningful discount to replacement cost and supported by strong fundamentals. “Fund VI is well-positioned to capitalize on what we view as an exceptional opportunity to acquire high-quality multifamily assets at attractive pricing, while continuing to execute our disciplined, risk-aware investment strategy,” said Chris Bartlett, COO of Milestone. 

The fund’s investor base includes global institutions such as public and private pensions, insurance companies, foundations, a sovereign wealth fund, family offices, and ultra-high-net-worth investors. Since its founding in 2003, Milestone has invested over $9 billion across more than 90,000 multifamily units. 

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