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Mill Green Opportunity Fund VI Goes Full Cycle, Returns 1.4x Capital
AltsWire reports that Mill Green Opportunity Fund VI completed its investment cycle after selling the last of seven multifamily development investments. Managing broker-dealer Skyway Capital Markets reported a capital multiple of approximately 1.4 times investors' contributions and an internal rate of return near 13%.
The final property was Celadon at Club Drive, a 352-unit community in Lawrenceville, Georgia. AltsWire cites public sources reporting a $67.2 million sale to Sherman Residential. The fund had closed in June 2021 after raising $48.2 million from 490 investors. The performance figures are attributed to Skyway and do not establish expected results for later Mill Green funds.
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