Casoro Capital has announced the launch of a private equity real estate fund today. Casoro is looking to raise $50M for Casoro Capital Real Estate Fund I, LP. This fund will focus on the Texas multifamily market, particularly in Dallas, Austin, San Antonio, and Houston. The fund targets high net worth, family offices, and institutions.
Casoro Capital is a new Private Equity company recently formed by Austin-based real estate company, The PPA Group. The new firm will concentrate on developing and raising money for discretionary multifamily real estate funds that are attractive for high net worth individuals, family offices, and institutions.
The company has been met with a lot of positive feedback and interest by the industry.
“Being born out of an operations company will set us apart,” says Casoro Capital’s Principal and The PPA Group’s President and CEO, Monte K. Lee-Wen. “Because we are vertically integrated, we will be able to financially underwrite investment opportunities more thoroughly.”
The new company will leverage their financial expertise and operational experience in acquiring and repositioning multifamily properties below replacement cost with upside potential within what they call their “local” markets. The advantage of becoming knowledge experts in specific markets (what they call their local markets) is that they know the smallest details about the area which benefits everyone throughout the investment process.