1789 Capital closes debut $1.2B real estate fund targeting the Sun Belt
What's the deal? 1789 CapitalDealroom has a profile for this one. Try Dealroom → has closed its inaugural Real Estate Development Fund at $1.2 billion in assets under management. The Palm Beach firm is deploying the capital into Sun Belt markets, with Easton Street signed on as the fund's exclusive operating partner.
Why now? The firm is betting on what founder and chief executive officer Omeed MalikDealroom has a profile for this one. Try Dealroom → called "the post-Covid great migration," a shift in where Americans live and work. Sun Belt states have outpaced the national average in population and employment growth since 2020, generating more than half of net US job creation over that period.
What's the endgame? 1789 Real Estate Management plans to invest in projects totaling more than $8 billion in projected total capitalization. The portfolio spans workforce housing, community revitalization, urban development, and digital infrastructure to support AI-driven growth.
The fund targets Florida, Texas, Tennessee, Georgia, North Carolina, South Carolina, and other Sun Belt states. "We're investing where families and businesses are moving," said Donald Trump Jr.Dealroom has a profile for this one. Try Dealroom →, a partner at 1789 Capital.
What's different? The fund pitches an integrated model, folding asset management, operations, and construction into one organisation rather than the separate businesses used by traditional institutional managers. The structure aims to deliver development returns without the layered fees and outsourcing common to large asset managers.
Partner Paul AbrahimzadehDealroom has a profile for this one. Try Dealroom → framed the approach around speed. "Competitive advantage belongs to organisations that learn the fastest, not those with the biggest balance sheets," he said, adding that the firm's AI and digital infrastructure track record informs the buildout.
The signal: The close marks 1789 Capital's expansion into a multi-pillar asset management platform beyond its venture roots. It also underscores how the Sun Belt's post-2020 migration continues to pull capital toward regional real estate at scale.
Read more: Presswire
Image credit: QuesterMark
