Publications

Investors

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

Sign in Start Your Free Trial Now View Purchase Options

SFERS approves commitment to multifamily fund

by Sara Kassabian

The $15.6 billion San Francisco City & County Employees’ Retirement System (SFERS) has approved a $40 million commitment to the Berkshire Multifamily Value Plus Fund III, managed by the Berkshire Group.

The Berkshire Multifamily Value Plus Fund III was launched in June 2011 with a $400 million fundraising goal. It will make debt and equity investments in multifamily assets, as well as target redevelopment and ground-up development.

The value-added fund will invest in multifamily assets in the United States. In January 2013, Berkshire held a $168.5 million first close. The fund is expected to close during second quarter 2013.

The SFERS,

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?