Edgewater launches $100m real estate growth and income fund

Edgewater, a boutique multidisciplinary real estate firm that engages in distressed advisory, management and value-add investment services, recently has launched a new $100 million real estate fund for institutional investors.

Edgewater Real Estate Growth and Income Fund is available to high-net-worth, family offices, retirement and pension plans, and fund-of-fund organizations, Ketan Vora and Bob Brier, founding partners of Edgewater, told IREI in an email. The fund will invest in income-producing real estate that is diversified across several sub-asset classes, such as hospitality, office, multifamily, neighborhood retail, student housing, industrial flex, mixed-use and others.

Edgewater’s investment strategy is to focus on the secondary and tertiary markets. Edgewater founders said its focus on these markets has allowed the firm to thrive in a fragmented market, unearthing opportunities to obtain low-risk management goals by acquiring an array of varying asset cla