Grant Park Launches Multifamily Real Estate Fund

The firm’s newest offering targets long-term capital appreciation through investments in rental housing assets.

April 01, 2025

Grant Park expands into residential real estate

Grant Park Capital Partners is stepping into the multifamily real estate space with a new fund designed to meet rising investor interest in residential housing. The strategy is straightforward: invest in high-demand rental properties across the U.S. and create long-term value. The fund, GP Capital Partners Fund I LP, is targeting a $100 million raise and is built to offer stable, income-generating exposure to a sector that continues to see sustained demand.

Fund structure and objectives

The setup is simple and intentional. The fund operates as a Delaware limited partnership, with Grant Park Capital Partners managing day-to-day investment decisions. Investors commit capital with the expectation of holding for the long haul. In return, they get access to a portfolio focused on residential assets—either through direct ownership or through partnerships in other real estate deals. The goal is long-term capital appreciation, with income generated along the way.

Strategic flexibility

Grant Park is casting a wide net within the multifamily space. That includes:

• Urban and suburban properties


• Ground-up development opportunities


• Value-add renovation projects

The fund has flexibility in both geography and strategy, giving it room to adapt to shifting conditions. Liquidity is limited by design—interests won’t be listed on public exchanges, and redemptions are constrained. This matches the long-term nature of real estate investments and gives the fund time to execute on its strategy.

Investor focus and alignment

The firm is offering this to accredited investors with a minimum commitment threshold. The economics are structured with a management fee and performance-based incentive, creating a clear alignment between investors and the fund team. Distributions will follow a waterfall structure, with preferred returns in place before profits are shared.

Timing and market context

This launch comes at a time when housing demand remains high and supply in many markets is still catching up. By focusing on multifamily properties, Grant Park is positioning the fund to tap into one of the more resilient real estate segments. And with a structure built for scale and flexibility, the fund is ready to respond to both market trends and investor needs.

Broader platform integration

Grant Park’s move into residential real estate builds on its broader investment platform. This fund gives investors a dedicated channel to access the multifamily market—through a structure designed for durability, clarity, and long-term results.