Fund Name | PEEK Opportunity Fund I |
---|---|
Fund Manager or Organizer(s) | PEEK Development |
Fund Size | $50,000,000 |
Investment Focus |
Multifamily Residential
|
Geographic Focus |
New Jersey
|
Additional Fund Details | PEEK Opportunity Fund I is focused on investment, development, and management of 65 ? 125-unit projects in urban areas of North Jersey. Generally, projects will be ground-up development in areas near major transportation hubs. PEEK Development will be the fund manager and contribute between 15 — 20% equity. |
Organization Details |
PEEK Development is a joint venture between Equis Realty Partners and The Fountain Group with $85+ million in projects involving 300+ units under contract. Equis Realty Partners owns and manages a portfolio of multifamily apartments in North Jersey. As part of the firm’s acquisition strategy, Equis generally performs extensive value-add capital improvements in order to maximize property repositioning. The Fountain Group is a real estate investment, management, and development firm focused on multifamily and mixed-use assets throughout North Jersey. The company, which has developed and managed more than 700 units, continues to grow its portfolio by focusing on renovations to existing buildings as well as ground-up development. Projects in The Fountain Group pipeline are valued in excess of $70 million. |
Fund Contact | |
Name | Phillip Evanski |
Job Title | Managing Member |
Phone | (646) 455-1021 |
pevanski@equisrp.com |