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Apex Group provides fund services to RailField Partners

14 December 2021

Apex Group Ltd. (“Apex”), a global financial services provider, announces today it has been appointed to provide fund administration, investor reporting and investor portal services to RailField Partners (“RailField”), a multifamily investment and asset management firm. Apex will support RailField’s fund accounting needs for their first institutional LP funds.

Based in Bethesda, Maryland, RailField has partnerships with a wide range of investors including family offices, pension funds and private equity firms. With a portfolio of 14 properties containing approximately 4,500 units in eight markets across the Mid-Atlantic, Southeast and Texas, RailField has transacted over $215 billion in multifamily real estate.

Apex’s fund administration services are the foundation of its single-source solution. With a fully integrated global fund administration system and high-speed, real-time processing, Apex delivers accurate financial information, multi-currency transaction processing and flexible investor reporting.

Through their partnership with Apex, RailField will benefit from access to the range of best-in-class technology that underpins Apex’s offering, including the Apex Investor Portal – a cloud-based system that enhances investor reporting by providing secure access to information anytime and from any device. That technology, combined with the expertise of the Apex team, will provide RailField with the efficient, accurate and transparent reports that today’s investors and managers need.

Jason Meklinsky, Head of Business Development, Americas at Apex Group comments: “We are excited to support RailField in the launch of their first institutional funds. There’s strong investment appetite among managers targeting alternative and specialty real estate, with many opportunities for growth that can be overwhelmed by administrative needs as a fund is getting off the ground. The combination of institutional-type investment strategies, innovative asset development and attractive real estate market fundamentals – especially compared to traditional investment sectors – means that these opportunities will continue. Our single-source solution, delivered by our experienced team, will ease the pressures surrounding any new fund launch and will allow RailField to continue their focus on growth.”

Todd R. Watkins, Partner, Chief Operating Officer & General Counsel at RailField Partners added: “The need for efficiency and transparency is critical in our work, particularly when it comes to administrative requirements and investor relations. Apex’s proven track record in supporting real estate fund launches, combined with their depth of professional expertise in private capital and the solutions they’ve created to support managers’ needs, made them the clear fit for us. We look forward to the support and guidance that their platform and attentive team will provide.”

About Apex Group Ltd.

Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With 50 offices worldwide and 5,000 employees upon the close of announced acquisitions, Apex delivers an extensive range of services to asset managers, capital markets, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody and super ManCo services, business services including HR and Payroll and a pioneering ESG Ratings and Advisory service for private companies.

Press contact: Antonia Powell Antonia.powell@apexfs.com 

About RailField Partners

RailField Partners was founded in 2013 by former Fannie Mae multifamily executives with the goal of going beyond the financial bottom line by creating real value for investors and residents. The RailField team has a deep understanding of the multifamily industry and a track record of success developed over 20+ years together as investors and lenders. This high level of experience provides access to local market expertise and a robust pipeline of opportunities, including off-market deals and favorable debt executions. With an initial focus on assets in Texas, RailField has since expanded its footprint into the Southeast and Mid-Atlantic regions, resulting in a growing presence across 8 markets.

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