September 8, 2025
In Today’s Edition
Today’s alert features 10 offerings totaling approximately $135 million, including offerings from Portsmouth Real Estate Partners, Read King, and Kastelo Development. Sponsors are located in Bethesda, MD, Austin, TX, and Dover, DE.
Offering Amounts range from $500,000 to $75 million, with Minimum Investments up to $1.2 million. Today’s offerings include 3 funds and 7 single-asset offerings.
GPs in Focus
Portsmouth Real Estate Partners is a vertically integrated real estate investment, operating, and development firm specializing in residential and industrial properties. Led by Co-Founders Bailey Jones and Patrick Keeley, Portsmouth brings over 40 years of combined experience in real estate private equity, development, capital markets, and investment banking.
Offering Name: Portsmouth Co-Investment Fund I, L.P.
Offering Amount: $75,000,000
Investment Minimum: $0
Type of Offering: 506(b)
Read King is a full-service commercial real estate firm based in Houston, serving landlords, retailers, restaurants, and developers nationwide for over 30 years. The firm was founded by Jeff Read and Ewing King in 1991 and has more than 3 million square feet of Class A retail space in the Greater Houston area. The firm employs approximately +/- 50 people.
Offering Name: Verbena at Waterview, LP
Offering Amount: $27,029,688
Investment Minimum: $10,000
Type of Offering: 506(b)
Kastelo Development is a Miami, Florida-based real estate investment and development firm with experience building over $600 million in residential and mixed-use projects. The firm now focuses on Florida townhomes in high-growth, supply-constrained markets. Kastelo operates with an investor-first mindset, structuring each project around capital alignment, repeatable relationships, and long-term trust. The firm employs approximately +/- 4 people.
Offering Name: 4K REAL ESTATE GROWTH & INCOME FUND LLC
Offering Amount: $25,000,000
Investment Minimum: $25,000
Type of Offering: 506(c)
CRE Capital Raises: September 8
GP/Sponsor | Location | Offering Name | Minimum Investment | $ Offering Amount |
|---|---|---|---|---|
BETHESDA, MD | Portsmouth Co-Investment Fund I, L.P. | 0 | $75,000,000 | |
COLUMBIA, SC | SWC Bluffton LLC | $50,000 | Indefinite | |
DOVER, DE | 4K REAL ESTATE GROWTH & INCOME FUND LLC | $25,000 | $25,000,000 | |
VANCOUVER, WA | Wapato Condos, LLC | $25,000 | $1,000,000 | |
AUSTIN, TX | Verbena at Waterview, LP | $10,000 | $27,029,688 | |
DESTIN, FL | Velocity at Trailwood, LLC | $10,000 | $1,400,000 | |
LINCOLN, RI | R2B Avondale Commons LLC | $50,000 | $500,000 | |
CHARLOTTE, NC | Blue Gate Management, LLC | $1,165,044 | $1,165,044 | |
CHARLOTTE, NC | Blue Gate Management, LLC | $1,165,044 | $1,165,044 | |
BILLINGS, MT | Amsterdam Fund LLC | $50,000 | $2,550,000 |
Final Word
We deliver real-time intelligence on commercial real estate capital raises, five days a week. If you find our insights valuable, then please consider forwarding this email to a friend or colleague.
About Us: Mill Analytics is the first and only Monte Carlo Simulation software built solely for the commercial real estate industry. Mill Analytics enables investors to go far beyond the Base, Upside, and Downside cases and analyze the results of thousands of scenarios for greater insight into the potential outcomes of an investment. Try for free at millanalytics.com.
- The Mill Analytics Team
