The Milestone Group Announces Final Closing of Milestone Real Estate Investors V

$750 Million Capital Raise Creates $2 Billion Buying Power for Multifamily Assets

Dallas, TX (May 19, 2021)— The Milestone Group, a real estate private equity firm headquartered in Dallas and Boca Raton, announced the final closing of Milestone Real Estate Investors V, LP (Fund V), with aggregate capital commitments of $750 million. Milestone expects that Fund V will ultimately invest in more than $2 billion of multifamily assets.

Fund V is Milestone’s 18th investment vehicle and 5th discretionary fund focused on the U.S. multifamily sector. Milestone received strong demand from both existing and new investors for Fund V, representing a wide range of U.S. and foreign institutional investors, including public and private pension funds, endowments, foundations, insurance companies and other financial institutions.

Fund V is a discretionary investment vehicle with a strategy to acquire value-oriented Class A and B multifamily properties across the U.S., primarily targeting major, growth markets in the Sunbelt and Mid-Atlantic. Fund V has a broad mandate that includes existing assets, underperforming new construction and partnership recapitalizations.

“Raising $750 million for Fund V during the pandemic is a testament to our investor base and underscores our established track record as a leading real estate investment management firm with top performing funds,” says Chris Bartlett, Head of Capital Markets, The Milestone Group. “With the final closing of Fund V, we are aggressively pursuing direct asset and portfolio acquisitions as well as partnership recapitalizations where we can provide growth capital to implement revitalized business plans. Milestone has a strong reputation for surety of execution and a long history of solving challenges for sellers by developing creative structures that produce successful partnerships and transactions.”

To date, Fund V has committed approximately $120 million of capital in multiple transactions including the acquisitions of The Villages at Decoverly, a 564-unit property in Rockville, MD, Springs at Alta Mesa, a 200-unit property in Mesa, AZ, and Pavilions at Arrowhead, a 248-unit property in Glendale, AZ.

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About Milestone

The Milestone Group is a leading, privately held real estate investment management firm with strong expertise and focus on value-add multifamily assets in major metropolitan markets of the United States. Founded in 2003, Milestone has created trust and confidence with its investors through successfully navigating multiple economic cycles, maximizing returns for investors across $8 billion of multifamily investments totaling more than 80,000 units. Milestone invests through a series of discretionary real estate private equity funds and has corporate offices in Dallas, TX, Boca Raton, FL, and Atlanta, GA. For more information, please visit www.milestonegp.com or contact investorrelations@milestonegp.com.

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