Exclusive: Middleburg Communities raises $53M in oversubscribed second fund
Investing.com -- Middleburg Communities, a real estate investment firm specializing in rental housing, closed its latest real estate fund, raising about $53 million in an oversubscribed funding round, sources familiar with the matter told Investing.com on Tuesday.
The latest fund targets investments in markets across Maryland, Virginia, Tennessee, North and South Carolina, Georgia, and Florida that show favorable supply, demand and employment fundamentals. The U.S. housing market has faced a challenging backdrop from high interest rates, inflation and slowing economic growth. But the oversubscription of Middleburg's fund suggests that investors see potential opportunities in the rental housing market, which has shown resilience during economic downturns.
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