MSquared, a women-owned real estate development and investment platform founded by former Deputy Mayor Alicia Glen, today announced the $107.6-million closing of its Equitable Housing Solutions Fund I (EHSF), which will invest in mixed-use, mixed-income projects in cities nationwide, with a focus on women and minority-owned development teams.
EHSF raised capital through a combination of private and non-profit partners including Citi Community Capital, the Urban Investment Group within Goldman Sachs Asset Management, Wells Fargo and the Community Preservation Corporation.
Following the successful close, Lower Manhattan-based MSquared has launched MSquared Impact Partners Fund I, which will aim to raise an additional $200 million from non-institutional investors to invest in similar projects across the country.
“Women and minority-led development firms have encountered unacceptably high barriers to entry for way too long and we are focused on disrupting the status quo through our fund business,” said Glen.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).