Mesa West launches real estate debt fund
Mesa West Capital has launched Mesa West Real Estate Income Fund IV, a closed-end, value-added fund that will invest in real estate debt. The debt investment vehicle is targeting $750 million in equity fundraising and will focus on lending across all major property types in primary markets. The fund is targeting 12 percent to 14 percent gross returns. Mesa West is expecting the fund will have a final close in March 2016. Mesa West Real Estate Income Fund III closed in October 2013 with $750 million in commitments, exceeding its equity fundraising target of $650 million.