trending Market Intelligence /marketintelligence/en/news-insights/trending/eWvHI0BwBSS2cER2lL-lmw2 content esgSubNav
In This List

Eagle Rock's 2nd US multifamily fund surpasses $200M target


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Eagle Rock's 2nd US multifamily fund surpasses $200M target

New York-based Eagle Rock Advisors raised more than $200 million in the final close of its second U.S. multifamily fund, PERE News reported.

Investors in the UOB Eagle Rock Multifamily Property Fund II include UOB Global Capital, high-net-worth individuals and family offices worldwide, and a pension fund, the news outlet said, citing a spokeswoman.

The fund has a $200 million fundraising goal and a net internal rate of return target of 13%.

Eagle Rock invests in undermanaged apartment properties with at least 80 units in submarkets along Amtrak's northeast corridor from Boston to Washington, D.C. It targets deals amounting to $45 million on average, according to the report.