Tioga Capital raises about $60m for second real estate fund

Tioga Capital has closed its second real estate fund at about $60 million.

Tioga Capital has closed its second real estate fund at about $60 million. To date, the fund has mad investments across multi-family, single-family and commercial assets located in Atlanta; Wilmington, North Carolina; Raleigh, North Carolina; Jackson, Mississippi; and Boise, Idaho.

PRESS RELEASE

ATLANTA–(BUSINESS WIRE)–Tioga Capital, LLC (“Tioga”), a private real estate investment firm, announced the successful close of Tioga Partners II, LP (the “Fund”), with total capital commitments of approximately $60 million. The Fund will continue Tioga’s value-oriented, opportunistic investment approach across the commercial and residential real estate sectors, primarily in the Southeastern United States.

Tioga’s Managing Partner, Paxton Griffin said, “We are grateful for the support from and confidence of the Fund’s Limited Partners, and believe Tioga Partners II, LP is well-positioned to capitalize on our firm’s history of sourcing, structuring and executing investments across the real estate capital structure. We are encouraged by the early investment activity in the Fund and expect to take advantage of market dislocations and opportunities that are unfolding in areas where we have developed expertise.”

To date, the Fund has made investments across multi-family, single-family and commercial assets located in Atlanta, GA, Wilmington, NC, Raleigh, NC, Jackson, MS and Boise, ID. Through the Fund and other co-investment vehicles, Tioga’s target investment size remains between $2 and $20 million.

“Our access to discretionary capital allows us to move quickly on attractive opportunities and gives us the flexibility to opportunistically invest as equity, preferred equity or debt. We are excited about the prospects for the Fund, particularly given the opportunities created by the long-term growth outlook in the Sun Belt,” added John Bradner, a Director at Tioga.

About Tioga Capital
Tioga Capital, LLC is a private investment firm based in Atlanta, GA that manages multiple partnerships across the real estate spectrum. Tioga takes a disciplined approach of investing across the capital structure and has invested over $300 million across more than 60 real estate investments primarily in the U.S. Sunbelt Region over the past decade.