Lion Real Estate Group Closes Marble Partners Fund I, LLC in Down Market with 28.4% Net IRR, ...

Lion Real Estate Group closed Marble Partners Fund I, LLC in a down market with a 28.4% net IRR and a 1.9x multiple to investors. The fund raised $35 million and leveraged equity to $200 million to acquire about $505 million of value-add multifamily properties across Texas, the Southeast, and the intermountain West during its hold. The fund launched in 2017 and the closing marks a milestone for Lion as it delivered strong investor returns despite challenging conditions, according to Ben Kriegsman, vice president of global capital markets. The performance underscores Lion’s value-add strategy in a crowded multifamily market and could bolster future fundraising and deal flow.