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Titan Development Fund III Raises $122M to Pursue Self-Storage, Other Real Estate Projects

May 18, 2022

1 Min Read
Titan Development Fund III Raises $122M to Pursue Self-Storage, Other Real Estate Projects

Titan Development, a real estate development and private-equity firm, has closed Titan Development Real Estate Fund III after raising $122 million from limited and general partners. Though the fund will focus primarily on industrial and multi-family projects in secondary and tertiary markets in the Southwest, it’ll also pursue opportunities in hospitality, self-storage and other real estate sectors, according to a press release.

“Fund III will allow us to continue building on our successes in the Texas, New Mexico, Florida and Arizona markets as well as further expand into our newer markets in Colorado and Southern California,” said Kurt Browning, partner.

“We are delighted that Fund III has won the support of investors who share our vision of developing and delivering high-quality solutions for businesses and renters,” said Ben Spencer, fund manager and partner. “It’s a great show of confidence that we closed Fund III in about three months of fundraising. As interest in the Southwest region continues to grow, we look forward to deploying those investments to build projects that will deliver value for our investors and meet the needs of the communities we serve.”

Since launching its fund series in 2017, Titan has raised $329 million and developed projects with a combined cost of nearly $1 billion, the release stated.

Founded in 1999, Titan provides real estate services including acquisitions, design/build leaseback, joint ventures, land entitlement and private-equity real estate fund management. Since its inception, the company has completed more than $2.5 billion in real estate developments, with more than $400 million of assets under management comprising more than 20 million square feet, according to the company website.

Source: PR Newswire, Titan Development Closes Fund III at $122 Million

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