Kinect Real Estate Partners (“Kinect”), a real assets investment management firm delivering institutional-quality real estate to private wealth investors, today announced the $126.5 million close of Kinect Opportunity Fund II, the firm’s second GP fund, exceeding its $100 million target. The oversubscribed closing reflects growing demand from RIAs, family offices and high-net-worth investors seeking access to institutional-quality real estate investment opportunities.
The fund will focus on development and value-add opportunities in multifamily assets, with a development pipeline totaling approximately $1.6 billion and more than 3,000 apartment units across high-growth western markets including Bellevue, Redmond and Bothell in Washington, as well as Mountain View and San Diego in California. Investors in the fund will gain access to GP-level economics from Kinect’s institutional equity partners.
“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 BJ Kuula, Co-Founder and Managing Partner of Kinect Real Estate Partners and CEO of American Capital Group. “The close of Kinect Opportunity Fund II reflects the momentum we’re seeing from investors who value that alignment and are increasingly seeking institutional-quality real estate opportunities backed by experienced operators.”
To support continued growth and expand relationships across the private wealth channel, Kinect has appointed two senior executives:
Ali Winrow, Director of Investor Relations & Fundraising, former Product Specialist at Clarion Partners, one of the world’s largest real estate investment managers.
Anna-Marie Allander Lieb, Director of Investor Relations & Fundraising, former Executive Managing Director of Real Estate Investments at CrowdStreet, a leading platform for private market real estate.
“Ali and Anna-Marie represent the kind of talent that reflects where Kinect is headed,” added Kuula. “They bring deep institutional credibility, strong relationships, and a shared belief in our platform. Their addition strengthens our ability to continue expanding our reach with private wealth investors, and support the growing demand we are seeing across our product set. Their experience will help us engage the wealth channel with the same rigor, transparency, and consistency that have defined our strategy for years.”
Founded by BJ Kuula and Mike Paulus in 2025, Kinect was built to bridge the gap between institutional real estate investing and private wealth. The founders have collaborated for nearly a decade across a multitude of real estate investments. The firm is anchored by its strategic affiliation with American Capital Group (“ACG”), a vertically integrated multifamily developer and operator with a 39-year track record spanning more than $4 billion in assets built and acquired, 23,000+ units across 86+ communities, and over $1.3 billion in institutional equity raised and deployed.
Kinect’s investment thesis is rooted in a conviction that durable returns come from durable markets. The firm focuses on multifamily housing in high-barrier-to-entry markets, regions defined by constrained supply, strong wage growth, and persistent housing demand. Kinect’s target markets benefit from regulatory frameworks, geographic constraints, and employment diversity that support long-term value creation.
“As private markets continue to become an increasingly important part of investor portfolios, advisors and investors are looking for greater access to high-quality opportunities backed by experienced operators,” said Mr. Paulus, Co-Founder and Co-Managing Partner of Kinect. “By combining a disciplined investment approach with ACG’s operating platform, we believe that the Kinect platform can provide the private wealth channel with access to compelling opportunities and a differentiated approach to value creation.”
Through ACG’s vertically integrated capabilities—spanning in-house design, development, construction, property management and asset management—Kinect controls the full real estate lifecycle. This operational depth enables Kinect to execute efficiently across the investment lifecycle with the speed and precision that institutional partners expect.
That execution has attracted institutional co-investment partners at the project level including Blackstone, PGIM, Canyon Partners, Clarion Partners, Artemis, New York Life, and Hartford HIMCO — underscoring the strength of ACG’s operating platform and the institutional confidence underpinning Kinect’s approach.
About Kinect Real Estate Partners
Kinect Real Estate Partners is a real assets investment management firm delivering institutional-quality private real estate opportunities to private wealth investors — including registered investment advisors (RIAs), family offices, and high-net-worth individuals. Founded by BJ Kuula and Mike Paulus, Kinect is anchored by its strategic affiliation with American Capital Group, a vertically integrated multifamily developer and operator with a 39-year track record of consistent performance across every market cycle. The firm specializes in multifamily housing investments in resilient, high-barrier-to-entry markets. Kinect is headquartered in Bellevue, Washington. For more information, visit kinectrep.com.
About American Capital Group
Founded in 1987, American Capital Group (ACG) is a vertically integrated real estate company that designs, develops, builds, acquires, and manages multifamily properties throughout the Western United States. With more than $4 billion in assets built and acquired, 23,000+ units, and 86+ communities, ACG has delivered strong risk-adjusted returns through every market cycle over nearly four decades. ACG is headquartered in Bellevue, Washington. For more information, visit acg.com.
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