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Sign in Sign up for a FREE subscriptionBlue Heron collects almost $80m for Real Estate Opportunity Fund III
Raleigh, N.C.–based Blue Heron Asset Management has raised $79.3 million for its Blue Heron Real Estate Opportunity Fund III, according to a March 31 SEC filing. The filing noted that 55 investors backed the fund.
Blue Heron started marketing the fund in November 2018. The firm targets primarily multifamily and mixed-use real estate investments in economically diverse and high-growth metropolitan markets in the Southeast United States.
According to the firm’s website, Blue Heron invests in value-add assets, which typically include current income with upside potential, and opportunistic assets, such as ground-up development.
