ASR Dutch Core Residential Fund backed by unnamed investor

ASR Dutch Core Residential Fund, managed by ASR Real Estate, the real estate arm of one of the largest insurance companies in the Netherlands, has received commitments totaling €150 million ($164 million). The investment came from an unnamed pension fund, according to several news sources.

The fund has received 11 commitments to date. According to ASR Real Estate, the €1.4 billion ($1.5 billion) ASR Dutch Core Residential Fund’s portfolio consists of a diversified mix of high-quality apartments and single-family housing, mainly in the mid-priced rental housing segment in the Randstad, a megalopolis in the central-western Netherlands consisting primarily of the four largest Dutch cities and their surrounding areas.

The value-added fund’s investment strategy focuses on 12 regions in the Netherlands, selected for their demographic and economic outlook and investment potential.

ASR Real Estate said the fund aims to g