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August 21, 2019  

Equity Sought for Apartment Fund

Eagle Rock Properties is well on its way to raising $240 million for its third multi-family fund.The New York shop has told potential investors it has already closed on a $200 million commitment from an unidentified university endowment for the vehicle, Eagle Rock Multifamily Income & Value Fund. It’s now looking to drum up the remaining equity.The fund would target a 10-13% return. Most of its acquisitions will be Class-B apartment...

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