Fundraising - FEBRUARY 29, 2016

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Gerding Edlen raises $310m for green fund

by Zoë Wolff

Gerding Edlen has raised $310 million for its Gerding Edlen Green Cities III fund, according to a filing with the SEC.

The opportunistic fund is targeting $350 million and focuses on green mixed-use, multifamily and office properties in Boston; Chicago; Los Angeles; Portland, Ore.; San Francisco; and Seattle.  The Fresno County (Calif.) Employees’ Retirement Association committed $20 million to the fund in November.

Gerding Edlen Green Cities II, the fund’s predecessor, held a final close of $234 million in 2014. Green Cities I closed in December 2011 after

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