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Follow on Google News | Pathfinder Partners Announces Initial Closing of New Opportunity FundPathfinder Fund V Acquiring Multifamily, Residential Properties in Western U.S.
By: Pathfinder Partners, LLC “We’re thrilled to be introducing our new fund,” said Mitch Siegler, senior managing director/co- According to Siegler, Fund V will adhere to Pathfinder’s investment model – primarily acquiring value-add, opportunistic and financially distressed real estate in mid-tier cities throughout the west – among them San Diego, Denver, Phoenix, Seattle and Portland. “While the commercial banks and CMBS special servicers have sold or otherwise resolved many problem loans in their portfolios, we expect to continue to find investment opportunities from them as well as fatigued owners who have struggled since the Great Recession to stabilize their properties or invest the necessary capital to optimize property performance,” Fund V builds on Pathfinder’s strong platform and solid track record. Since its inception, the firm has acquired more than $500 million of real estate assets in more than 75 transactions. In addition to raising and managing four prior broad-based opportunistic funds, Pathfinder has also raised separate funds targeting single-family rental aggregation and luxury home repositioning strategies. About Pathfinder Partners, LLC Headquartered in San Diego, Pathfinder Partners was founded by Lorne Polger and Mitch Siegler in 2006 to make opportunistic investments in distressed real estate assets and defaulted loans and value-add properties. In addition to seeking opportunities to add value by providing liquidity to selling financial institutions, liquidating funds and fatigued owners, Pathfinder also seeks to maximize value through property enhancements, improvements in operations and marketing, property repositioning and other strategies. For more information, visit http://www.pathfinderfunds.com. End
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