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Red Stone Equity Partners raises $1.3 billion for affordable-housing investments

Firm’s latest fund targets $263 million for 19 apartment projects across 11 states
Multifamily investor Red Stone Equity Partners lists Pine Valley apartments in New Bern, North Carolina, on its website's property page. (CoStar)
Multifamily investor Red Stone Equity Partners lists Pine Valley apartments in New Bern, North Carolina, on its website's property page. (CoStar)
CoStar News
December 10, 2024 | 10:14 P.M.

A private real estate financing firm has closed its largest fund focused on affordable housing, marking more than $1.3 billion in capital raised by the company from institutional investors in 2024.

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