Nebo Capital Announces Closing of $2,000,000 Joint Venture Equity

Nebo Capital recently arranged a $2,000,000 equity investment for a partnership buying a value-add apartment building in a gentrifying sub-market of Chicago with strong demand from tenants that are students or the workers of local educational facilities.  The operating partner is an emerging manager with a track record of similar investments in the area which are self managed.  The investor is family office, which often provides LP capital to single asset transactions with equity requirements under $5,000,000.  The business plan is to reposition the building and raise rents to market levels.