Grant Cardone: CardoneCapital prepares $1 billion distressed real estate fund

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Ashutosh Sureka

6 hours ago

Grant Cardone: CardoneCapital prepares $1 billion distressed real estate fund — CardoneCapital plans $1 billion real estate fund

Grant Cardone, CEO and founder at Cardone Enterprises and Cardone Capital, announced that CardoneCapital is preparing a $1 billion distressed real estate fund.

He described this as an effort to purchase a distressed REIT or a large real estate portfolio, calling the current period "the greatest real estate correction of my lifetime." CardoneCapital focuses on acquiring and managing institutional quality assets for wealthy families.

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Cardone Capital previously reported returning $78 million of the $163 million it had raised to investors in its Fund V and IV vehicles, according to company statements. Grant Cardone has also commented on macroeconomic policy, stating his view that former President Donald Trump would lower 10-year Treasury yields to make long-term mortgages more affordable, as noted in a past interview. The latest announcement follows these earlier developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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