Broad Creek Capital announced a significant expansion of its real estate investment platform with the first close of its new BCC Multifamily Advantage Fund I, a value-add focused multifamily fund targeting $150 million in commitments. The fund is backed by U.S. municipal institutions and family offices across the United States and Europe, marking the firm’s broadening reach beyond its long-standing partnerships with select family office investors.
The first close signals an essential milestone in the firm’s evolution as a transatlantic private markets platform. Broad Creek Capital plans a second close in early 2026 as it opens its strategy to a broader institutional audience. The firm highlighted that demographic and economic tailwinds in the Southeast and broader Sun Belt continue to make essential housing a compelling investment category, offering attractive prospects for long-term value creation through operational improvements and modernization.
Coinciding with the fund’s closing, BCC Multifamily Advantage Fund I completed its inaugural acquisition: Loft One35, a 298-unit multifamily community in Charlotte, North Carolina. The $94 million off-market acquisition fits the fund’s strategy of targeting well-located assets in high-growth markets where value can be created through targeted renovations, resident experience enhancements, and disciplined operations.
Broad Creek Capital continues to scale its portfolio, focusing on attainable rental communities for the U.S. workforce. Since 2020, the firm has acquired more than 3,800 multifamily units and now manages over $500 million in assets. The company maintains a private equity-inspired investment approach centered on operational excellence and long-term alignment with investors.
KEY QUOTES:
“This first close is a strong endorsement of our platform and investment thesis. We see one of the most compelling entry points for multifamily in over a decade, where disciplined capital and hands on execution can generate durable, long term returns.”
Matthew Ruesch, Co-Founder and Managing Partner of Broad Creek Capital
“Loft One35 demonstrates the type of opportunity we seek – well located assets where disciplined underwriting and hands on execution can drive durable value.”
Michael Green, Co-Founder and Managing Partner of Broad Creek Capital
