NEW YORK--(BUSINESS WIRE)--CAPFUNDR, an online marketplace providing institutional style real estate investment funds, today launched the CAPFUNDR Hamilton Multifamily Fund, its second fund offering. The fund will invest in apartment properties in historically stable Midwestern markets that benefit from high current yields. The fund is managed by a joint venture between CAPFUNDR and Hamilton Real Estate Capital, an experienced real estate investor whose three previous funds have realized an average IRR to date of approximately 28.6%.1
Thomas Kaplan of Hamilton said, “Apartments in Midwestern markets such as Columbus, Ohio, Cincinnati, and Indianapolis have not seen the major influx of capital that gateway cities such as New York and San Francisco have experienced. The demand for apartments there is very stable, construction activity is limited, and we can still buy properties at cap rates of 7% to 9%, compared to 4% to 5% in the major coastal markets.”
Hamilton will be primarily responsible for acquiring and managing the properties, and CAPFUNDR will be responsible for raising capital and reporting to investors. CAPFUNDR will also provide oversight of the fund’s investment activities on behalf of the fund’s investors.
Jean-Michel Wasterlain, CEO of CAPFUNDR, commented that “CAPFUNDR’s approach is to partner with experienced real estate operators who pursue smart, focused investment strategies in order to create institutional quality real estate funds with low fees and investment minimums. We are confident that Hamilton’s local expertise and relationships will help to produce attractive returns for our investors.”
About Hamilton Real Estate Capital, LLC
Hamilton Real Estate Capital, LLC is a real estate investment management firm based in Westchester County, NY, a suburb of New York City. Hamilton seeks to acquire attractively priced properties with superior, risk-adjusted returns within the residential real estate sector, focusing primarily on medium to large apartment complexes with rents that are affordable to moderate income tenants. Hamilton's investment objective is to seek high current income with the potential for moderate long term appreciation.
About CapitalFund Realty, Inc. (CAPFUNDR) Located in New York, CapitalFund Realty (CAPFUNDR) is the curated marketplace for real estate funds. The firm specializes in providing institutional style investment funds to individual investors through their website, www.capfundr.com.
1 There is no assurance, however, that such results will be realized by the Fund and any person interested in investing in the Fund is advised to thoroughly review the private placement memorandum for the Fund, in particular, the risk factors identified therein, which may be accessed at www.capfundr.com.