Publications

Fundraising - JULY 14, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Mesirow raises $227m for multifamily fund

by Reg Clodfelter

Mesirow Financial has raised $226.6 million for Mesirow Financial Real Estate Value Fund II, bringing it nearly halfway to its $500 million fundraising goal, according to a filing with the SEC.

The value-added fund, which launched in September 2013, focuses on renovations, repositioning, substantial lease-ups and management enhancements of multifamily properties nationwide. The fund splits investments geographically — West (35 percent), Midwest (10 percent), East (35 percent) and South (20 percent) — as well as between joint venture development (20 percent) and value-added acquisitions (80 percent).

As of January, its portfolio included Terra Vista, located in Littleton, Colo.; Eleven North, located in Nashville; and Platform 14, located in Portland, Ore. 

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?