Milestone Partners was covered in the latest edition of the Crittenden Apartment Report (Vol. 27, N0. 7).
Listed as a company expected to be active in the equity space, Crittenden goes on to say, “Milestone Partners, a joint venture of The Bascom Group and Milestone Real Estate Partners, provides GP equity for opportunistic joint ventures. The company hopes to save sponsors time and streamline the process by taking the place of syndicated GP equity on the capital stack. Equity checks range from $100K to $10M with a total volume in 2018 of $20M. Milestone Partners wants a 16%-plus IRR and a three- to five-year hold. The firm will provide 60% to 90% of GP equity, but the capital stack must have a third-party lender and a third-party LP equity provider. The company invests in all asset types but is optimistic about multifamily value-add and senior housing development in areas with high barriers to entry.”
Milestone CEO William Wells commented that, “Milestone is proud that its partnership with The Bascom Group is, by virtue of the reputation of the capital that stands behind the venture, already being recognized as a leader in the Co-GP capital space.”
For further information about how you can partner with Milestone please contact: info@milestonegpcapital.com
