Covenant Capital Group Closes $260 Million Fund

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Nashville, Tennessee– Covenant Capital Group, LLC today announces the final closing of its latest real estate fund, Covenant Apartment Fund VIII on December 30, 2015.

The closing brings the fund’s total equity capital commitments to $260 Million. This is the largest fund ever raised by Covenant Capital Group.

The fund will target value-add investments in apartment communities predominantly located throughout the Southeastern and Mid-Atlantic regions and is composed of commitments from a diversified group of institutional and high net worth limited partners. The fund has already made 9 investments as of the end of 2015.

Govan D. White, Managing Partner and Co-founder of Covenant Capital Group, LLC said: “We are very pleased to have received this vote of confidence from both existing and new investors. We believe the fund presents an attractive opportunity for investors to capitalize on compelling apartment investment opportunities in the current economic environment.”

Since Covenant Capital Group was formed in 2001, the firm has raised over $1 Billion of equity capital for investment in apartment communities. Covenant was ranked as one of the “top performing most consistent” real estate fund managers by the 2015 Preqin Global Real Report for the fourth time.

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