Tysons, VA, February 24, 2023 – SteeleHarbour Capital Partners is pleased to announce it has closed a co-GP equity investment in a new Class A multifamily development located in Wesley Chapel, FL within the Tampa, FL MSA. The project is projected to deliver in 2025, with a total development budget of approximately $85 million for the planned build of the 338-unit community.
SteeleHarbour has partnered with a leading multifamily developer in the Southeastern region of the U.S. and an institutional LP on the project. The investment was made through SteeleHarbour’s second fund vehicle, SteeleHarbour Strategic Opportunities Fund II-A LP.
Since its founding in late 2018, SteeleHarbour has now successfully closed 16 real estate investments in 8 states and Washington, D.C., accounting for total assets under management of approximately $950 million. The investments were made through the firm’s two discretionary fund vehicles.
About SteeleHarbour Capital Partners
SteeleHarbour Capital Partners is a real estate investment firm focused on middle‑market general partner equity, preferred equity and debt investments with a primary focus on multifamily and mixed-use properties in high growth markets in the Southeast and Mid‑Atlantic United States. SteeleHarbour’s strategy is centered around identifying and investing in secular and cyclical trends, acting on proprietary insights and leveraging deep industry relationships and institutional experience to execute on investment opportunities. The SteeleHarbour senior team has collectively completed approximately $9 billion of real estate investment, financing and capital market transactions over the last 25+ years. For additional information, please visit www.steeleharbour.com.