CenterSquare markets third value-added fund
CenterSquare Investment Management has begun marketing its third value-added fund. CenterSquare Value-Added Fund III has a $500 million fundraising goal. A first closing is anticipated in second quarter 2014, and a final closing date is anticipated in the second quarter 2015.
The fund will invest in middle-market, transitional real estate assets in the United States, focusing on the office, multifamily, retail, industrial, parking and hospitality sectors.
“We believe that a middle market, value-add real estate strategy represents the most attractive space in the market for creating value and reducing risk,” said P.J. Yeatman, head of private real estate for CenterSquare, in a statement. “Fund III will be an acquirer of transition and a se