Bethesda firm raises $154M from foreign investors to buy real estate

Foreign investors are hungry for U.S. multifamily real estate, as one local firm has found. Bethesda’s Excelsa Holding has raised its second equity fund from international investors looking to acquire properties in the United States. It took just three months to raise $154 million, a big upswing from its first, $85.6 million round in 2016. With it, Excelsa is looking largely for multifamily deals in Greater Washington and the Sun Belt, though it is willing to consider a wider range of property types, said Khalil Hibri, head of business development.