IREI has learned that KTB Asset Management, part of KTB Group, has committed KRW 550 billion ($478.8 million) to Bridge Debt Strategies Fund IV, a multifamily residential housing loan vehicle managed by Bridge Investment Group.
Bridge Investment Group runs a fully vertically integrated platform that invests primarily in multifamily housing, including senior housing and office properties, including medical offices. The fund, Bridge Debt Strategies Fund IV, will invest opportunistically in Freddie Mac multifamily housing securities, and in real estate loans geographically diversified across the office, senior housing and student housing sectors.
Seoul-based KTB said Korean capital will represent a quarter of the total commitments to Bridge’s new vehicle, and will be joined by institutional investors in the United States and the Middle East, The Korea Herald reported Aug. 10.
As of the end of 2020, KTB Asset Management had $11.6 billion in asset
