The fund has 17 assets in various stages of development, lease-up, and stabilization and could begin dispositions as early as November 2022.
Aug 30, 2022 07:00 MDT
PROVO, Utah, August 30, 2022 (Newswire.com)
PEG Companies [PEG], a vertically integrated commercial real estate investment firm known for its unique approach to creating value, announced the successful closing of its third fund, PEG Extended Stay Conversion Fund, LP [PEG ESCF] with $120M in LP commitments.
PEG ESCF, a value-add fund focusing solely on the acquisition of aging extended stay hotels for conversion into quality Class B attainable multifamily housing, currently boasts 17 assets in various stages of…