CenterSquare closes fifth value-added institutional private real estate fund

CenterSquare Investment Management has held a final close of CenterSquare Value-Added Fund V. Total capital raised, including co-investments, was approximately $280 million.

The diversified commercial real estate fund raised capital from strategic relationships that recommitted to the fund series as well as several significant new investors.

The fund has thus far completed 12 investments representing more than $100 million of committed equity and $35 million of co-investment. The investment focus remains on built-for-rent, single-family rental housing and last-mile industrial sectors, primarily in the Sun Belt region of the United States. The fund also made an investment in the cold-storage sector, marking one of the first direct asset transactions by an institutional investment manager into the speculative development of a temperature-controlled logistics facility in the United States.

“CenterSquare Value-Added Fund V is a testament to our strong conviction i