HOUSTON, Aug. 8, 2024
/PRNewswire/ -- Marble Capital, a Houston-based investment advisory firm, has
surpassed $2.5 billion in assets
under management (AUM), with an estimated AUM of $2.53 billion as of Q2 2024.
The firm, founded in 2016 by David
Oelfke, Adam Allen and
Matthew Rotan, invests exclusively
in multifamily properties with a focus on ground-up developments
and acquisitions in high-growth U.S. markets. Since its inception,
the firm has allocated capital to over 180 multifamily properties
(~48,500 units) and established partnerships with ~100 sponsors and
~80 lenders nationwide.
Over the past eight years, Marble Capital has built a team of
30+ highly qualified professionals in Houston, Austin and Dallas.
Most recently, the firm secured a $300
million commitment from one of the nation's largest
university endowments. Marble has utilized this newest commitment,
along with $1.9 billion in capital
raised via five closed-ended and open-ended discretionary funds, to
become one of the most active preferred equity investors in the
country.
"Our flagship funds are focused on investing defensively, and we
are pleased to have assembled a portfolio of preferred equity
investments with downside protection which we believe are
positioned to produce attractive returns in an otherwise tough
environment for real estate owners," said co-founder, Adam Allen.
Today, the firm is actively investing common equity in
acquisitions of existing properties to take advantage of the recent
pullback in asset values.
"We're opportunistic by nature, being defensive in recent years
when others are being greedy, and greedy in times like today when
others are being cautious. This has led us to buying assets over
the last 6-12 months, investing below replacement cost at
valuations 20-30% below peak values of 2022," commented co-founder
David Oelfke.
About Marble Capital
Established in 2016, Marble Capital manages $2.5 billion in AUM across a series of private
equity funds. The company provides flexible capital solutions for
multifamily real estate developers and operators across
the United States and has invested
in or committed capital to ~48,500 multifamily units across
$11.4 billion in transactions. Marble
Capital is headquartered in Houston,
TX and is managed by a group of accomplished real estate
professionals with 150 years of combined experience in real estate
finance, capital markets, development and operations. For more
information, please visit https://marblecapitallp.com
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SOURCE Marble Capital