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Waterton closes its Venture XII above target at USD511 million

Chicago-based Waterton and New York-based Park Madison Partners have held the final close of Waterton Residential Property Venture XII with USD511 million of equity committed.

Venture XII will pursue a value-add investment strategy focused on multifamily properties in the top 12-15 markets throughout the United States. Venture XII’s investor base includes a broadly diversified mix of new and existing investors.
For Waterton, Venture XII marks the latest in a series of multifamily investment vehicles stretching back to 1995. The firm had previously worked with Park Madison Partners to raise Venture XII’s predecessor vehicle, Waterton Residential Property Venture XI, which closed in 2011 with USD500 million of commitments. Venture XII was also targeting USD500 million of commitments, closing just ahead of target.
“It has been a pleasure partnering with Waterton once again on a successful capital raise,” says Nancy Lashine (pictured), Managing Partner of Park Madison Partners. “Waterton bears all the hallmarks of an institutional best-in-class real estate manager. Waterton has a deep and experienced team, superior operating capabilities, and consistently strong performance.”
“We have a great group of investors in Venture XII, including several new relationships and many longstanding partnerships that are a testament to our company’s track record over the past two decades. We appreciate their confidence in our team and strategy,” says David Schwartz, Co-Founder, Co-Chairman, and CEO of Waterton. “Working with the Park Madison team made for an efficient and successful fundraising process, as it did for Venture XI, and we are thankful for their continued support.”
Venture XII’s investment strategy is consistent with strategies Waterton has been successfully executing for 20 years. Over the last two years, Waterton was ranked by Preqin as one of the most consistently top performing managers in real estate with the majority of its ten funds performing top quartile.

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