Comunidad Partners Raises $300 Million in Inaugural Social Impact Fund
Comunidad Partners, a minority- and women-owned real estate investment firm specializing in workforce and affordable housing communities in culturally diverse neighborhoods, closed its inaugural discretionary, commingled institutional fund with $300 million in equity commitments.
Comunidad Social Impact Multifamily Assets Fund I, which was oversubscribed and raised within seven months, surpassed its original target size of $200 million, said officials.
According to Antonio Marquez, managing partner of Texas-based Comunidad Partners, the fund is an investment vehicle that is dedicated to affordable and workforce housing. that integrates environmental, social, and governance (ESG)/social impact and proptech, with an emphasis on dynamic yet underserved communities throughout the Sun Belt region.
“The successful closing of our first fund represents Comunidad’s continued mission of bringing institutional capital to underserved markets with diverse populations across the Sun Belt,” says Marquez. “Comunidad specializes in revitalizing affordable and workforce apartments in infill locations and implementing our specialized cultural management platform, which includes cultural upgrades, community investment initiatives, and ESG/social impact programs that aid in building a sense of community and improving residents’ lives.”