Holland & Knight issued the following announcement on Sept. 3.
Holland & Knight advised Marble Capital on the successful closing of Marble Capital Fund III ("the Fund") with over $650 million in commitments. The Fund was significantly oversubscribed based on its initial target of $350 million having received unprecedented support from both new and existing investors.
The Fund is focused primarily on making preferred equity investments in multifamily developments across the country. To date, the Fund has already closed on or committed to $590 million of investments in high-growth Sunbelt markets where demand for housing is growing.
Houston-based Marble Capital is a principal investor providing flexible capital solutions for multifamily developers and operators nationwide. Since inception in 2016, the company has invested in over 16,000 multifamily units worth over $3 billion in total capitalization.
Holland & Knight Partner Walker Brierre led the firm's representation of Marble Capital. He was assisted by Partner Brandon Bloom and Associate Kelsie Knight.
Original source can be found here.