GenX Capital Partners Closes $2.3MM in JV Equity for Multifamily Portfolio Acquisition

MIAMI, September 13, 2017 (Newswire.com) - Managing Director, Mark McClure, of Miami-based GenX Capital Partners announced today that they have completed the equity underwriting for a portfolio acquisition for Cleveland-based Millennia Companies, the 4th largest multifamily operator in the U.S.

"Millennia Companies is a best in-class operator that needed to move quick on several acquisitions and reached out to us to assist in providing equity to close several deals that had tight time tables. We were able to underwrite and procure $2.3MM in JV equity from one of our groups in Boston and close the deal on time with terms and conditions that met both parties expectations," McClure stated.

GenX Capital Partners continues to focus on JV equity opportunities in the multifamily and hospitality space both from an acquisition and development standpoint, with their target minimum investment being $2MM up to $50MM. Depending on the project and the size, GenX Capital Partners will invest their own capital alongside the GP on a deal by deal basis. For more information on their terms and deal structure, you can go to http://genxcp.com/terms.

Source: GenX Capital Partners