BMO Residential Europe Fund completes first closing

BMO Real Estate Partners has completed a first close of its BMO Residential Europe Fund, which provides international institutional clients access to a portfolio of properties across the premium, mid-market and affordable residential sectors, including senior living and best accessibility in metropolitan areas.

BMO REP said the fund has a target investment volume of €800 million ($949 million), and that it actively promotes the delivery of sustainable rental homes, which are carbon-aware and community-orientated.

“We continue to witness population growth across European metropolitan regions and major cities,” said Iris Schöberl, managing director and head of institutional clients at BMO Real Estate Partners Germany. “With this growth comes increased demand for affordable, sustainable housing, especially in urban locations. Using our expertise in this area, we believe we are able to create a portfolio of properties to generate both stable returns for clients as