SAN FRANCISCO, CA - From Globe St., update on Carmel Partners (San Francisco) value creation fund: Carmel Partners reports the final close of its US multifamily real estate value creation fund, Carmel Partners Investment Fund VI. The fund closed at $1.025 billion, exceeding its target of $1 billion. With the closing of Fund VI, Carmel Partners has successfully raised $4.2 billion since inception of the fund series in 2004.
Fund VI has already made its first investment in Oakland. Carmel will develop a full block-sized site located in the center of the evolving downtown area, convenient to jobs and public transportation.