Gerding Edlen raises $411m for real estate fund
Gerding Edlen has raised $411 million for its Gerding Edlen Green Cities III, according to a filing with the SEC.
The opportunistic fund is targeting $350 million in equity commitments and focuses on green mixed-use, multifamily and office properties in Boston; Chicago; Los Angeles; Portland, Ore.; San Francisco; and Seattle. The fund had raised $310 million as of February 2016.
The fund previously received commitments of $50 million each from the $30 billion Connecticut Retirement Plans and Trust Funds in December 2016 and the $4 billion