- Hilltop Residential raised $288M for Growth Fund VI, marking its largest fundraising to date.
- The firm plans $1.5B–$2B in multifamily acquisitions across Southeast US markets.
- Hilltop operates 13,000 units and manages a $3B multifamily portfolio.
- Current market conditions are enabling value acquisition opportunities despite rent softness.
Funds Target Southeast Multifamily
According to Globe St, Hilltop Residential has closed $288M in capital for its Growth Fund VI, with plans to buy up to $2B in multifamily assets. The Houston-based firm, currently active in 15 Southeast markets and overseeing 13,000 units, aims to pursue high-quality properties where it can invest in capital improvements and boost returns.
Investor Momentum Builds
Investors for the new fund include insurance companies, RIAs, family offices, and a mix of institutions and endowments. Growth Fund VI has already secured nine assets, and Hilltop expects a steady deployment of the capital over the next few years as additional pipeline deals are finalized.
Get Smarter about what matters in CRE
Stay ahead of trends in commercial real estate with CRE Daily – the free newsletter delivering everything you need to start your day in just 5-minutes
Why It Matters
According to managing partner Greg Finch, current capital market dislocation presents rare buying opportunities for well-capitalized multifamily operators. By focusing on regions with solid population and employment growth, Hilltop aims to benefit from continued multifamily housing demand, particularly in high-growth Southeastern markets where investor activity continues to concentrate. even as national rents have softened due to increased supply. Median apartment rents declined 1.5% year-over-year to $1,669 in March, with two-bedroom rents faring slightly worse at $1,859, reflecting market challenges Hilltop intends to navigate with targeted investments.
