Croatan Investments Successfully Closes First Discretionary Fund Vehicle
July 1, 2021

VIRGINIA BEACH, VA (July 1, 2021) – Croatan Investments (“Croatan”), a multifamily investment manager for private wealth, institutional, and retail capital, held the final closing for Croatan Multifamily All-Weather Fund I, LP (the “Fund”) on June 30, 2021.

“Our 17-year track record of providing compelling multifamily investment opportunities to our investors has enabled Croatan to raise capital through discretionary fund vehicles,” said Paul Van, Chief Executive Officer.  He continued, “We are immensely pleased with the success of our inaugural fund offering.  The capital in the Fund provides Croatan to ability to execute on over $1 billion of transaction volume when paired with institutional joint venture co-investment equity and traditional leverage.  We look forward to the continued growth of our discretionary capital base and fund management platform with our next fund offering projected to open to investors in the fourth quarter of this year.”

The Fund closed with $27.3 million committed capital.  In excess of $25 million of additional capital is projected to be available from passive sidecar investment vehicles that have the option to invest alongside the Fund. 

About Croatan Investments

Croatan Investments is a private equity real estate manager focused on multifamily investments. We have a passion for uncovering new opportunities with excellent intrinsic value. Founded in 2004, our track record is built upon our opportunistic nature, agnostic approach, and nimble execution. We adapt our strategy across all stages of the market cycle, maintain investment flexibility to consistently achieve attractive risk-adjusted returns, and preserve the trust of our investors.

Our firm is comprised of real estate professionals who intimately understand our target markets, continually assess the dynamic multifamily landscape, and skillfully execute on each asset’s business plan. Our proven success is a reflection of our commitment to excellence, discipline, and expertise.

Headquartered in Virginia Beach, VA, Croatan has team members operating in Austin, Dallas, Atlanta, New York City, and Singapore. Our portfolio currently consists of multifamily assets across the Mid-Atlantic and Sun Belt regions. Croatan Investments is proud to be a certified minority-owned company.

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