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Carmel Partners closes multifamily fundraise with $1.35 billion

Investor collects biggest haul since 2022 for apartments needing upgrades
Carmel's acquisition of the 398-unit AVA Theater District in downtown Boston last year helped reset the firm's expectations. (CoStar)
Carmel's acquisition of the 398-unit AVA Theater District in downtown Boston last year helped reset the firm's expectations. (CoStar)
CoStar News
April 13, 2026 | 9:08 P.M.

Carmel Partners has raised $1.35 billion, capping the multifamily sector's largest haul since 2022 from investors looking to capitalize on properties in need of upgrades.

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