The CRE Equity Alert

Real-Time Intelligence on Commercial Real Estate Capital Raises


August 20, 2025

In Today’s Edition

Today’s alert features 27 offerings totaling approximately $666 million, including offerings from Cardonne Capital, The Ardent Companies, and One Real Estate Investment. Sponsors are located in Aventura, FL, Atlanta, GA, and Miami, FL.

Offering Amounts range from $500,000 to $250 million, with Minimum Investments up to $5,000,000. Today’s offerings include 4 funds and 23 single-asset offerings.

GPs in Focus

Cardone Capital is a Miami‑based real estate investment firm specializing in multifamily properties and commercial real estate. Founded in 2016 by industry veteran Grant Cardone, the firm has built a portfolio valued at approximately $5.5 billion, spanning over 14,000 apartment units across multifamily and office assets. The firm has also raised over $1.6 billion across more than 27 funds, supported by nearly 20,000 investors. The firm employs approximately +/- 94 people.

Offering Name: Cardone Equity Fund 28, LLCngs, LLC

Offering Amount: $250,000,000

Investment Minimum: $5,000,000

Type of Offering: 506(c)

The Ardent Companies is a privately held real estate investment and asset management firm headquartered in Atlanta, GA. The firm was founded in 2012 and pursues diversified and opportunistic investment strategies across asset classes and geographies. Ardent employs approximately +/- 70 people.

Offering Name: Ardent Self Storage Development Fund III, LP

Offering Amount: $200,000,000

Investment Minimum: $0

Type of Offering: 506(c)

One Real Estate Investment (OREI) is a Miami, FL–based real estate investment and asset management firm specializing in value-add and ground-up multifamily projects across Texas and the Southeast U.S. Founded in 2001 by Jeronimo Hirschfeld, the firm now owns and manages a diversified portfolio exceeding $2 billion in multifamily assets, comprising over 11,000 apartment units.

Offering Name: Candler 25.18 Acres Holdco, LLCon DST

Offering Amount: $27,175,000

Investment Minimum: $250,000

Type of Offering: 506(c)

CRE Capital Raises: August 20

GP/Sponsor

Location

Offering Name

Minimum Investment

$ Offering Amount

VCV Digital

NEW YORK, NY

Xin Capital Times Square LLC

$100,000

$10,361,061

Cardonne Capital

AVENTURA, FL

Cardone Equity Fund 28, LLC

$5,000,000

$250,000,000

KennMar

INDIANAPOLIS, IN

Carmel US 31 Hotels LLC

$50,000

$4,000,000

Ironwood Property Group

CONSHOHOCKEN, PA

120E9 ASSOCIATES, LLC

$50,000

$1,600,000

Golden K Plans & Wealth Management

WOODLAND HILLS, CA

Golden K Real Estate Partners II, LLC

$50,000

$500,000

M&H Capital

LONGVIEW, TX

M&H Arizona State, LP

0

$2,050,000

Metropolitan Holdings

COLUMBUS, OH

Metro Rose LLC

0

$4,500,000

Upside Capital Holdings

DALLAS, TX

8175 Meadow Holdings TX LLC

$12,923

$1,500,000

The Ardent Companies

ATLANTA, GA

Ardent Self Storage Development Fund III, LP

0

$200,000,000

Cima Investment Group

ODESSA, TX

Cima Courtyard Odessa PropCo, LLC

$50,000

$750,000

Kaimak

SEATTLE, WA

Tadpole, LLC

$100,000

$4,00,000

Core Nashville

NASHVILLE, TN

Elle Venture Fund, LLC

0

$5,750,000

Capital Square

GLEN ALLEN, VA

CS1031 Texas Active Living I, DST

$50,000

$34,000,000

One Real Estate Investment

MIAMI, FL

Summerville 18.33 Acres Holdco, LLC

$250,000

$27,000,000

Unilev

BEVERLY HILLS, CA

UP OLD WILLOW HOLDINGS, LLC

$20,000

$1,020,000

Manka Ventures

SHERIDAN, WY

Light Year Capital Coastal Golden Hill Investor LLC

$50,000

$2,470,000

Leon Capital Group

MISSOURI CITY, TX,

Spring Stuebner Industrial Holdings LLC

$50,000

$3,700,000

Rise48 Equity

SCOTTSDALE, AZ

Rise Private Credit Fund, LLC

0

$27,829,760

One Real Estate Investment

MIAMI, FL

Taylors 21.17 Acres Holdco, LLC

$250,000

$25,000,000

Syndicated Equities

CHICAGO, IL

SE WEST 70th (EDEN PRAIRIE), DST

$1

$10,955,000

OakPoint

NASHVILLE, TN

OP Encino Trace Holdings, LLC

$500

$4,300,000

MacNaughton

HONOLULU, HI

M/ UV Pref LLC

0

Indefinite

Thomsen Homes

FARGO, ND

FAR Homes Group I, LLC

$25,000

$850,000

Forman Capital

DELRAY BEACH, FL

FC Elysian Pref JV, LLC

0

$9,700,000

Local Locker Storage

BROOKLYN, NY

Local Locker Inc

0

$5,999,999

One Real Estate Investment

MIAMI, FL

Candler 25.18 Acres Holdco, LLC

$250,000

$27,175,000

Cramlet Capital

GILBERT, AZ

MFI Apollo Heights, LLC

0

$500,000

Final Word

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- The Mill Analytics Team