New York & Tri-State + Downtown New York + Finance | March 22, 2023

Cadre Launches Investment Fund with Value-Add Emphasis

Cadre, a New York City-based technology-driven commercial real estate investment manager, has launched Cadre Direct Access Fund II (CDAF II). It’s the latest offering in Cadre’s suite of products intended to provide institutions and accredited investors with access to actively managed commercial real estate assets.

“We believe current dislocations in the market are creating attractive investment opportunities to acquire assets at a discount to recent pricing,” said Dan Rosenbloom, CIO at Cadre.

CDAF II will follow a similar strategy to its predecessor fund. It will primarily focus on value-add opportunities, purchasing assets in need of capital expenditures, improved operations, lease-up, and possibly ground-up development.

Cadre plans to allocate approximately 50% of the fund to multifamily assets with the remainder to be spread across industrial, hospitality, and office. The fund will focus primarily on mid-cap ($50-million to $150-million) assets across U.S. markets with attractive growth dynamics.

Pictured: Cadre headquarters at 315 Park Ave. South, Manhattan.

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About Paul Bubny

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).

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