Sarasota firm launches $75 million fund to invest in the West, Southeast

ERES Capital is launching a $75 million equity fund with $250 million in total capitalization.

The Sarasota firm says the fund — ERES Real Estate Fund LP — will be focused on buying and developing hospitality, multifamily and industrial properties in western and southeastern markets.

The states it’s identified are Montana, Idaho, Colorado, Arizona, Georgia and the Carolinas. And its plans call to split up the asset classes with 40% hospitality, 25% multifamily, 25% industrial and 10% special purpose.