Marquette Companies launched its Marquette SE Fund 25, a co-investment sponsor equity fund with a target size of $15 million for investment in high-quality multifamily developments with value-add opportunities.
While not restricted by geography, the focus of the fund will be on properties located in the Midwest region, with acquisitions taking place over the next 18 months. Marquette has been particularly active in the Midwest over the past several months with multiple transactions in locations like Gross Pointe, Mich.; Ann Arbor, Mich.; Lake Bluff, Ill.; and Naperville, Ill.
The firm’s recent acquisition of Ascend St. Charles, in St. Charles, Ill., as an example of the kind of properties the fund will include. The 400-unit, garden-style apartment community is located near top schools and major employers, in an area where demand is high and no new deliveries are expected until 2029. Offering a range of unit sizes and sought-after amenities, rent growth through property improvements are expected to bring strong returns.
The fund is open to high-net-worth individuals, family offices, wealth management advisers and other accredited investors.
