Houston-Based Marble Capital Closes Its Second Fund at $250 Million

December 18, 2019

Marble Capital, a Houston-based investment manager focused on multifamily development, has closed its second fund with $250 million in capital commitments, exceeding the fund’s initial target of $150 million.  The company’s debut fund closed just two years ago at $100 million.

The Fund manager provides primarily preferred equity to experienced developers who build in high-growth markets across the U.S.  The Fund seeks to provide $5 million to $20 million in capital per project, selecting projects that fall under the radar of most institutional investors.

The Fund has already closed or committed to 16 projects representing $160MM and expects to place the remaining capital in 2020.

Since its inception in 2016, Marble Capital has invested in ~7,000 units worth 1.3 billion in total capitalization.  The company’s founding members have decades of experience working in real estate finance, capital markets, development and operations, all with a multifamily focus.  This experience has created long-standing relationships with multifamily developers and brokers nationwide, giving the firm a unique ability to access and identify attractive investment opportunities.