Brasa Capital closes first real estate investment fund at $120m
Brasa Capital Management has held a final close of its first investment fund, Brasa Real Estate Fund, with $120 million in capital commitments, exceeding its $100 million target.
Brasa Capital, a value-add real estate investment firm, focuses on multifamily, office, industrial, and retail projects in the Western United States and Texas with an emphasis on Southern California.
The firm targets transactions requiring $5 million to $25 million and has a value-add/opportunistic investment strategy.
The closed-end fund invests on behalf of family offices and public pension funds and focuses on central business district office, industrial, multifamily and retail assets.