CenterSquare holds $100m first close for value-added fund
CenterSquare, a global investment manager focused on actively managed real estate and infrastructure strategies, has held a first close for CenterSquare Value-Added Fund IV, raising roughly $100 million for the fund, according to IREI’s FundTracker database. The firm did not comment on its fundraising efforts.
CenterSquare Value-Added Fund IV is a value-added fund that will invest in middle-market transitional real estate assets in the United States, with a focus on the office, multifamily, retail, industrial, parking and hospitality sectors.
The fund’s predecessor, CenterSquare Value-Added Fund III, held a $145.75 million final close in 2016.
As of Dec. 31, 2017, CenterSquare managed more than $9 billion in assets.