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March 30, 2023

Security Properties deploys $200M from multifamily fund

Security Properties announced last week that it has successfully raised and deployed $200 million for what it calls the Multifamily Fund VI. Generally acting as the general partner to the fund, Security Properties has acquired some 28 apartment properties nationwide, with around 6,400 units. (Pictured among them is the South Block apartments, in Salem, Oregon.) The fund began life in 2021, hit its target in six months, and later combined with another $780 million from institutional investors. Security Properties' Ed McGovern said in a statement, “Security Properties has had a long history of working with private individuals to invest in multifamily real estate going back to its founding in 1969. We strive to be communicative, responsive and transparent.”




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