Berkshire Group raises $502m for multifamily income fund

Berkshire Group, a real estate investment management company, has raised $501.9 million for Berkshire Multifamily Income Realty Fund, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

Berkshire Multifamily Income Realty Fund opened in 2015. It is a core-plus real estate fund focused on acquiring recently built multifamily assets within prime submarkets across the United States located close to office and retail investments.

The fund has received commitments from multiple investors, including $75 million from New Mexico State Investment Council.

Berkshire group is also fundraising for Berkshire Multifamily Value Plus Fund IV, a fund that targets a broad range of multifamily investment opportunities in major U.S. markets, b