Covenant Capital raises $1.1 billion to renovate Sun Belt apartments

Firm already commits $240 million across 14 communities

Covenant Capital recently paid $42 million for the 200-unit Waterford Place apartments in Mesa, Arizona. (CoStar)

CoStar News

February 10, 2026 | 7:45 P.M.

Covenant Capital Group closed fundraising for the private equity firm's largest capital haul in 25 years.

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