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Real estate development and investment management firm Hillpointe, LLC has closed the Hillpointe Workforce Housing Partnership V, LP at its hard cap of $750 million. The closing marks the company’s largest fund to date. It is anticipated to be focused around the development of market-rate workforce housing in the Sun Belt.

Fund V represents Hillpointe’s aims to support the development of approximately 30 workforce housing projects in the company pipeline. The communities will represent roughly $2 billion of total asset value and 10,000 workforce housing units.