Kinect Closes Oversubscribed $126.5M Multifamily Fund for RIA, Family Office Investors
Kinect Real Estate Partners has closed Kinect Opportunity Fund II at $126.5 million, exceeding its $100 million target, the company said. The fund is the Bellevue, Wash.-based firm’s second GP fund and drew commitments from registered investment advisers, family offices and high-net-worth investors.
The fund will target development and value-add opportunities in multifamily assets, with a development pipeline of approximately $1.6 billion and more than 3,000 apartment units across Bellevue, Redmond and Bothell, Wash., and Mountain View and San Diego, Calif., according to the company. Investors in the fund gain access to GP-level economics through Kinect’s institutional equity partners.
Kinect was founded in 2025 by BJ Kuula and Mike Paulus and is affiliated with American Capital Group, a vertically integrated multifamily developer and operator. According to the company, ACG has built or acquired more than $4 billion in assets and more than 23,000 units across 86-plus communities since its founding in 1987, and has raised and deployed more than $1.3 billion in institutional equity. ACG has partnered on project-level investments with firms including Blackstone, PGIM, Canyon Partners, Clarion Partners, Artemis, New York Life and Hartford HIMCO, the company said.
“We set out to extend a time-tested real estate strategy to the private wealth channel through a platform where operational depth and investment discipline are fully aligned,” said Kuula, co-founder and managing partner of Kinect Real Estate Partners and chief executive officer of American Capital Group.
Alongside the fund close, Kinect named two directors of investor relations and fundraising: Ali Winrow, formerly a product specialist at Clarion Partners, and Anna-Marie Allander Lieb, previously executive managing director of real estate investments at CrowdStreet.
More than 100 investors contributed capital to the fund, and proceeds are already being deployed across three value-add investments, according to third-party reporting.
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