Matan Fund IV Closes, Begins Acquisitions
Washington DC - September 10, 2013. The Matan Companies today announced the closing of its latest real estate fund, Matan Fund IV, bringing total equity raised for this fund to more than $100 million. The Fund will invest in the office, residential, and industrial sectors in the Washington area. Mark Matan, Principal for the Matan Companies, said “The success of our fundraising efforts puts us in a strong position to capitalize on existing voids in the DC suburbs. We are focusing on opportunities and strategic partnerships rather than any specific product type.”
Matan Fund IV has completed its first acquisitions. Prospect Hall Apartments, a 376-unit multifamily development in Frederick, MD will deliver early summer 2014. In addition, Matan Fund IV purchased Federal Capital Partners’ interest in the 332,000 sf National Cancer Institute’s Advanced Technology Research Facility in Frederick, MD. Matan Fund IV has several deals under contract with closings pending for late 2013.
About Matan Companies
Headquartered in Suburban Maryland for over 35 years, Matan Companies is one of the region’s premier commercial real estate and development firms. Matan’s primary geographic focus is the Washington area suburbs. Matan’s current portfolio consists of over 4 million square feet of office/industrial assets with 3 million square feet in the development pipeline, several active residential developments, and a separate portfolio of multifamily units.