Covenant Capital Group Fund Closes on $236 million
Covenant Capital Group, LLC today announces the final closing of its latest real estate fund, Covenant Apartment Fund VII on December 28, 2012.
The closing brings the fund’s total equity capital commitments to $236 million. 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.
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 $725 million of equity capital.