New York–based Banyan Street Real Estate Funds (BSREF) has launched a new value-add real estate fund, targeting multifamily properties in the United States, according to a recent filing with the SEC.
According to the document, the BSREF Value Add Multifamily Fund III has already collected $20.9 million in commitments from 31 investors.
BSREF focuses on investing in value-add/opportunistic strategies via sponsored funds, separate accounts and direct investments, according to the firm’s website.
