Bailard, an independent, values-driven asset and wealth management firm, has launched its new development-focused multifamily real estate strategy, alongside its legacy open-end diversified core private equity real estate fund.
The vehicle has a $200 million capital raising target.
The Bailard Multifamily Fund (BMF) will focus on building class A attainable units with first-class amenities in undersupplied growth markets around the country. The BMF intends to capitalize on the dearth of affordable/workforce rental housing in the United States. Demographic and economic trends are driving significant unmet demand from middle-income earners for newer high-quality rental units, which Bailard steadfastly believes creates a compelling opportunity for new development. The fund will target “ABCD” markets, defined as having, among other things, the following attributes: affordability; business-friendly environment; college education attainment; and demographic strength and