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Student-managed real estate fund announces new investment

The student-managed KFBSF Real Estate Fund III at the University of North Carolina Kenan-Flagler Business School has made a new investment on behalf of its investors.

Alongside project sponsor White Point Partners, KFBSF Real Estate Fund III has invested in a proposed 72-unit, mid-rise multifamily development asset located in Charleston, S.C. This is the third investment by KFBSF Real Estate Fund III.

The first KFBSF Real Estate Fund was created in 2007 to provide practical, real-world educational experiences for students at UNC Kenan-Flagler. The initial fund and two subsequent funds are the first and only direct investment real estate private equity funds managed solely by students. The funds invest across major asset types including office, retail, multifamily, industrial, hospitality, self-storage and student housing. The funds also invest across the risk spectrum, including core-plus, value-add and opportunistic transactions.

Founded in 2014, White Point Partners is a private investment firm specializing in the acquisition, development and repositioning of multifamily, commercial and self-storage real estate assets throughout the Southern U.S. Including the total cost of developments in progress, White Point has over $325 million of assets under management across 16 properties. The assets are spread across five states and eight markets, with Charlotte having the heaviest concentration of any market.