Hilltop Residential has closed its Hilltop Growth Fund VI with $288 million in total commitments, marking the largest fundraise in the firm’s history as investors look to capitalize on shifting multifamily market dynamics.
The fund drew support from a broad mix of institutional and private capital partners, including endowments, foundations, financial institutions, insurance companies, RIAs and family offices. Hilltop expects Fund VI to deploy capital into $1.5 billion to $2.0 billion of gross asset value through targeted acquisitions in high-growth U.S. markets.
“Our strategy remains consistent: Acquire high-quality assets in growth markets where we can create value through operational improvements, capital enhancements, and disciplined asset management,” said Greg Finch, Managing Partner of Hilltop Residential. “Today’s capital markets dislocation is creating an attractive entry point for well-capitalized operators, enabling us to acquire high-quality communities at compelling bases.”
Fund VI has already begun deploying capital, with nine assets acquired to date and a robust pipeline of additional opportunities identified. The firm expects to fully deploy the fund within the next two years.
The raise underscores continued investor appetite for value-add multifamily strategies, particularly as pricing resets and financing conditions create opportunities for experienced operators.
Based in Houston, Hilltop Residential currently manages approximately $3 billion in assets
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