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Sign in Sign up for a FREE subscriptionCenterSquare completes $100m first close on value-add institutional private real estate fund
CenterSquare Investment Management has held an initial close on approximately $100 million in capital commitments for its latest value-added institutional private real estate fund. The fund has a target of $400 million.
The first round of capital comes from investors who have recommitted to the fund series as well as new investors, including institutions such as public pension funds and corporate nonprofits.
“We appreciate the trust that existing and new investors have put in our investment team, and we look forward to continuing to capitalize on reset valuations and leveraging our competitive advantages in sourcing and business plan execution to deliver results for our investors,” said Jeff Reder, managing director of CenterSquare’s private equity real estate vertical and portfolio manager for the value-added fund series.
Similar to its predecessor, the