New York-based Six Peak Capital, a real estate private equity firm, intends to secure as much as $1 billion in equity financing.
With the projected funds, Six Peak Capital will expand its footprint of shared living spaces across gateway markets in the U.S.
Additionally, the firm is seeding the initial funding with properties currently owned or under contract, representing more than 1,000 beds.
More so, the seed assets, with total capitalization expected to surpass $135 million, would boost Six Peak’s total portfolio of co-living properties to over 2,200 beds and $350 million in capitalization.