Deal Details
Whitestone Receives Investment for Fund III from ERI
Summary
Whitestone & Co LLC (“Whitestone” or the “Company) and its affiliates have secured a commitment to Whitestone’s Fund III of up to $25 million from Equity Resource Investments, LLC (“ERI”) to continue growing its Single Family for Rent platform.
Baird served as exclusive financial advisor to Whitestone & Co LLC on this transaction.
About
Whitestone, founded in 2021, is a real estate private equity firm focused on acquiring existing single-family rental properties and appropriately utilizing the Housing Choice Voucher Program (Section 8). The Company seeks to provide affordable housing to working class people and create a positive impact on the communities in which it invests. Whitestone’s properties are currently located in the midwest and southeastern parts of the United States. The Company is headquartered in Denver, Colorado.Founded in 1981 as Equity Resources Group, Incorporated, Equity Resource Investments, LLC is a United States focused real estate private equity firm. ERI invests in highly fragmented and undercapitalized ownership structures in multifamily residential and commercial real estate.
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- Date
- January 2022
- Company
- Whitestone & Co LLC
- Transaction
- Private Capital Markets
- Sectors
- Real Estate
- Verticals
-
Real Estate
- Target Geography
- North America
- Acquiror Geography
- North America
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