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Highlights
Scott Everett’s S2 Capital is dissolving its first multifamily fund, which it closed in 2022 after raising $400 million. 
The fund’s limited partners and preferred equity investors will receive “no return of capital,” Everett said in a July 1 letter. 
Investors in the firm’s real estate investment trust, which launched in late 2024, received news of an equity wipeout in May.