Bridge Investment Group opens fifth multifamily fund

Bridge Investment Group has opened its fifth value-add multifamily fund, according to a recent filing with the SEC.

Bridge Multifamily Fund V will seek to invest $2 billion into multifamily assets throughout the United States.

Bridge has set an even larger target for Fund V than the predecessor fund, which sought $1.5 billion in capital commitments.The fund launched in 2018 and closed a year later at $1.594 billion.

Bridge’s multifamily arm targets value-add multifamily assets in growth markets, according to the firm’s website. Bridge has approximately 36,800 multifamily units and $26 billion in assets under management.