Fundraising - DECEMBER 8, 2016

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Brookfield launches third US multifamily fund

by Jody Barhanovich

Brookfield Asset Management has launched Brookfield Fairfield U.S. Multifamily Value Add Fund III, according to a filing with the SEC.

The value-added, closed-end real estate fund seeks to make investments in apartment properties in major markets throughout the United States. An equity fundraising target has yet to be announced.

The fund’s predecessor, Brookfield Fairfield U.S. Multifamily Value Add Fund II, held an $805 million final close in September 2014. It received commitments from pensions funds such as the California State Teachers’ Retirement Systemand Florida State Boar

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