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Crystal View Capital Closes Fund II

Las Vegas-based private equity real estate firm, Crystal View Capital has closed Crystal View Capital Fund II. Originally targeting $35mn, Fund II increased the offering and closed the total equity raise at just over $56mn..

"Our ability to increase the size of Fund II in the midst of a global pandemic speaks volumes to the resiliency of Manufactured Housing Communities / Self-Storage Facilities and Fund II's ability to create value for our investors," says Matthew Ricciardella, Fund II's acting manager.

Crystal View Capital is already working on Fund III. 

"Regardless of the current market environment, we are confident in our investment thesis of buying off-market self-storage and manufactured housing communities and our ability to effectively go to scale while creating significant value due to the fragmented nature of both asset classes. We anticipate launching Fund III within the next 30 days to provide an ongoing vehicle for defensive investors to allocate capital," added Ricciardella.

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