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Seneca Capital Partners Closes 3rd Workforce Housing Fund in 4 Years, Significantly Over-Subscribed

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Press Release

Jan 5, 2022 17:00 MST

Seneca Capital Partners (“Seneca”), a leading national real estate investment firm, announced today the final closing of Seneca Capital Income Real Estate Fund III, L.P. (“Fund III”), significantly over-subscribed at nearly $70 million in total equity raised, well above its original target at $50 million. With leverage, Seneca expects SCIRE Fund III to include $200 million worth of assets – continuing their thesis to own and operate “workforce housing” in major U.S. markets.

Managed by Seneca Capital Partners’ investment management company, Seneca Capital Management, the Fund received strong support from existing investors and convincing participation from new investors including: fund to funds, single- and multi-family offices, Registered Investment Advisors and high net worth individuals. 


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