Auerbach Funds Announces First Close for Third Opportunistic Real Estate Fund

Auerbach Funds today announced the first close for its third real estate private equity fund, Auerbach Opportunity Fund III ("AOF III"). AOF III initially raised $14.7 million of capital commitments and is focused on opportunistic real estate investments in distressed, mismanaged, or underperforming assets within the multifamily, retail, and specialty class located across the U.S.  The first close or "friends and family round" was comprised almost entirely of existing investors from Auerbach Opportunity Funds I & II, and AOF III has a target size of $100 million.

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