NEW YORK, Feb. 1, 2017 /PRNewswire/ -- Pantzer Properties, Inc. ("Pantzer") today announced the final closing of its third real estate fund, the Panco Strategic Real Estate Fund III, LP ("Fund III"), with $305 million of capital commitments, exceeding its $300 million fundraising target. Commitments to Fund III and affiliated entities total $357 million when combined with $52 million of Fund III co-investment capital raised to date. A significant number of investors in prior funds made new commitments while Pantzer attracted many new investors as well.
Fund III continues the Firm's established focus of pursuing strategic investments in tangible real estate assets and debt instruments. Pantzer invests primarily in the multifamily sector on the east coast of the United States and has done so for 45 years with a particular focus on the major markets and central business districts of the Northeast and Mid-Atlantic corridor.
Capital commitments were sourced from institutional investors, family offices and high net worth individuals.
About Pantzer Properties, Inc.
Pantzer Properties, Inc. is one of the largest apartment owners on the East Coast of the United States with nearly $3 billion in real estate assets. Pantzer is a fully integrated owner / operator with approximately 275 employees and the in-house capability to source, analyze, finance and execute transactions as well as operate and manage real estate assets through its wholly-owned management company. Founded in 1971, Pantzer is headquartered in New York City and has offices in Rochelle Park, NJ, Philadelphia, PA and Herndon, VA. Further information is available at www.pantzerproperties.com.
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SOURCE Pantzer Properties, Inc.