LAS VEGAS, April 15, 2019 /PRNewswire/ -- Crystal View Capital Fund II, LLC, a Las Vegas based private equity real estate fund focused on investing in self-storage and manufactured housing communities in the Western United States, is pleased to announce that it made an 8% preferred distribution to its limited partners in each quarter of 2018 and unit values have increased from $1,000 to $1,288. In addition, the company has announced an 8% preferred distribution to its limited partners for Quarter 1 of 2019.
Crystal View Capital Fund II, LLC ("The Fund") is targeting to raise $35 million in equity capital. The Fund has a specialized focus on acquiring lower-middle market properties which are under-performing and provide asymmetric risk/reward profile(s). The Fund's in-house asset management team drives long term value to portfolio properties through its operational expertise and extensive experience in the self-storage and manufactured housing sectors. To date, the Fund has closed on six acquisitions, two in 2019. In addition, the team presently has ~$15 million of acquisition targets scheduled to close in the next 90 days.
Crystal View Capital was founded by Matthew Ricciardella, who has over 16 years of experience in the real estate industry as a principal in over $350 Million in real estate transactions. Mr. Ricciardella is also the founder of Crystal View Capital Fund I which was ranked the #1 Private Equity Real Estate Fund in North America in March of 2018 by Preqin (funds less than $50M in equity) with a 70.4% IRR and 2.36 MOIC to limited partners. "We are extremely pleased with the support we have received from our limited partners in our first fund. We are proud of what we have accomplished to date, and are focused on being disciplined in our approach to building value for Fund II and our limited partners," says Mr. Ricciardella.
About Crystal View Capital Crystal View Capital is a real estate investment partnership that focuses on the acquisition and management of opportunistic and under-performing self-storage facilities and manufactured housing communities. The firm creates value by sourcing deals primarily off market and utilizing their in-house management team to influence property performance. Please contact our office to receive an executive overview and learn more about making an investment into Crystal View Capital Fund II.
SOURCE Crystal View Capital