Bainbridge launched Bainbridge Multifamily Acquisition Fund I to acquire discounted newer apartments.

From Yahoo Finance: 2025-03-25 12:00:00

Bainbridge Companies raised $150 million in commitments for the Bainbridge Multifamily Acquisition Fund I, with a target raise of $250 million. The fund aims to acquire 1990s and newer apartments at discounts in Sun Belt and mid-Atlantic markets. The fund allows Bainbridge to move quickly on opportunities without joint venture approval. The focus is on stabilized existing communities, value-add opportunities, and distressed real estate acquisitions. Bainbridge is looking to acquire properties from the 2010s or newer for high potential returns. The sales market is active, but distress may increase as the year progresses. Bainbridge is also considering a pivot back to development with a good amount of starts anticipated later this year.



Read more at Yahoo Finance: Why Bainbridge decided to launch its first fund