Sunday, May 15, 2022
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Titan Growth Closes Fund III at $122 Million

Titan Growth (“Titan”), a number one Southwest actual property improvement and personal fairness actual property agency, introduced at present the…

By Staff , in Real Estate , at May 15, 2022


Titan Growth (“Titan”), a number one Southwest actual property improvement and personal fairness actual property agency, introduced at present the shut of Titan Growth Actual Property Fund III (“TDREF III” or “Fund III”) at $122 million in restricted accomplice and basic accomplice commitments.

With the closing of TDREF III, Titan Growth has raised a complete of $329 million for the reason that inception of the Fund sequence in 2017, and developed tasks with a mixed value approaching $1 billion. Traders in TDREF III are primarily household places of work and high-net-worth people, with greater than 80% of Titan’s previous buyers taking part in TDREF III alongside new buyers. The discretionary Fund’s funding goal is targeted on constructing multifamily and industrial tasks in rising secondary and tertiary markets which have seen fast progress in recent times. The Fund may put money into opportunistic actual property sectors corresponding to hospitality and self-storage in different markets.

“We’re delighted that Fund III has gained the help of buyers who share our imaginative and prescient of creating and delivering high-quality options for companies and renters,” stated Ben Spencer, Fund Supervisor and Companion at Titan Growth. “It’s a terrific present of confidence that we closed Fund III in about three months of fundraising. As curiosity within the Southwest area continues to develop, we sit up for deploying these investments to construct tasks that can ship worth for our buyers and meet the wants of the communities we serve.”

“The velocity at which we raised Fund III demonstrates that our funding thesis is very engaging to buyers,” stated Kevin Reid, Companion at Titan Growth. “It additionally confirms that our technique of figuring out many tasks from our pipeline earlier than the beginning of fundraising, and creating a diversified portfolio of spec and build-to-suit industrial properties and Class A multifamily housing, has gained our buyers’ confidence, and we vastly respect their help.”

Kurt Browning, Companion at Titan Growth, stated, “Fund III can have many industrial and residential alternatives for funding as a result of persevering with development of expertise and manufacturing corporations relocating to the Sunbelt and the rising demand for multifamily housing. The Fund will permit us to proceed constructing on our successes within the Texas, New Mexico, Florida and Arizona markets in addition to additional develop into our newer markets in Colorado and southern California.”

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