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ERES Capital is preparing to launch a significant $75 million equity fund, aiming for a total capitalization of $250 million.
The newly established fund, named ERES Real Estate Fund LP, will focus on the acquisition and development of hospitality, multifamily, and industrial properties specifically in the western and southeastern regions of the United States.
Targeted states for investment include Montana, Idaho, Colorado, Arizona, Georgia, and the Carolinas. The proposed asset allocation seeks to achieve a balance of 40% in hospitality, 25% in multifamily, 25% in industrial, and 10% in special-purpose properties.
The firm has articulated that this diversification strategy aims to mitigate risk while ensuring consistent distributions and capitalizing on market opportunities, particularly in areas where ERES has demonstrated sustainable operational success.
ERES serves as the investment and development branch of ERES Companies, a Sarasota-based real estate firm.
Previous projects from this division include the Even Hotel Bozeman Yellowstone International Airport and the Yellowstone Landing Apartments located in Belgrade, Montana.
Furthermore, ongoing developments and acquisitions include the Hampton Inn & Suites in Belgrade and the Tempo by Hilton in Fort Myers, highlighting the firm’s commitment to expanding its portfolio.
Key Information
- Fund Name: ERES Real Estate Fund LP
- Total Fund Capitalization: $250 million
- Equity Fund Amount: $75 million
- Investment Focus: Hospitality, multifamily, and industrial properties
- Investment States: Montana, Idaho, Colorado, Arizona, Georgia, and the Carolinas
- Asset Allocation: 40% hospitality, 25% multifamily, 25% industrial, 10% special purpose
- Previous Projects: Even Hotel Bozeman Yellowstone and Yellowstone Landing Apartments
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Article original publish date: 2025-09-13 12:00:00
Article source: businessobserverfl.com
Read the full story at the original source: businessobserverfl.com
