Build, build, build has been the storyline playing out in apartment markets across the country. Now, Taylor Johnson client Waterton is looking to buy, buy, buy after closing its largest multifamily investment fund to date,with $920 million in equity commitments. The Chicago-based firm plans to invest a total of $2.5 billion, including debt, over the next two years, capitalizing on cycle-specific opportunities in major U.S. markets. In announcing the above-target closing, we put Waterton CEO David Schwartz in touch with Crain’s Chicago Business for a feature on the firm’s value-add investment strategy. We also secured coverage in numerous industry publications including PERE, GlobeSt.com, REJournals.com, Connect Media, The Real Deal Chicago, Bisnow and Multifamily Executive.

The closing of a $920 million investment fund allows Waterton to continue targeting opportunities like The Citizen at Shirlington Village, a 404-unit rental community in Arlington, Va., acquired and rebranded last year.