Regents of the University of Michigan commits $20m to value-add logistics fund

The Regents of the University of Michigan has approved a commitment of up to $20 million to the MDH Fund II, a value-add vehicle managed by MDH Partners.

Opened in January, MDH Fund II invests in industrial warehouse and distribution properties primarily in the Southeast and Southwest U.S. An equity fundraising target was not disclosed.

MDH has acquired properties from many diverse sellers, including national REITs, private equity funds, family development companies and corporate users with excess real estate, according to the firm’s website. It has also pursued deals too small for other institutional investors and seeks to buy deals off-market.

The first fund in the series, MDH Fund I, held a final close in July 2019 with $350 million in capital commitments, exceeding its $300 million fundraising target. The fund was seeking to invest in last-mile properties and build traditional single- and multi-tenant warehouses.

MDH said it targets locations near g