Endeavor Closes $610m Equity Fund

The investment vehicle is anticipated to yield a total capitalization of more than $1.5 billion.

Austin-based Endeavor Real Estate Group has closed on a $610 million private equity fund dubbed Endeavor Opportunity Partners III. As the the company’s third and largest investment vehicle since its founding more than two decades ago, the fund’s total capitalization is anticipated to exceed $1.5 billion.

The fund will serve for the development and acquisition of multifamily, industrial, retail and mixed-use properties. The assets are set to be located mainly across Austin, Texas and Dallas, but also in Nashville, Tenn., Charlotte, N.C. and Salt Lake City.

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Senior Vice President Chase Spruill will be in charge of managing the fund that is anticipated to make between 20 and 25 investments. As part of the financing, $500 million came from private sources

Since its founding in 1999, Endeavor has acquired or developed more than $5.1 billion in real estate assets across various market. The company’s current portfolio totals more than 28.4 million square feet.

At the end of 2022, Endeavor received the approval for 305 South Congress, a six-building mixed-use project, set to include 1.5 million square feet of office space, 1,478 residential units, a 275-key hotel and 150,000 square feet of retail and restaurant space.

 Source: Commercial Property Executive

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