Bridge Multifamily Fund III to sell portfolio for $550m
Bridge Multifamily Fund III, a fund managed by Bridge Investment Group Holdings, has agreed to sell a portfolio of real estate assets to Bridge Multifamily CV LP (the Continuation Fund) in a transaction valued at approximately $550 million, including equity raised by the Continuation Fund to support further investment in the portfolio of real estate assets.
The Continuation Fund provides additional time and capital to further invest in the portfolio of real estate assets, while also offering liquidity to existing limited partners of Bridge Multifamily Fund III, who were provided a choice to receive liquidity or continue their investment in the Continuation Fund.
“The closing of our first continuation fund is an important milestone for Bridge,” said Jonathan Slager, CEO. “We are proud of the success this fund has achieved thus far and the attractive returns we have delivered to our existing investors. Multifamily is one of our highest conviction themes and the sec