National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Mesa West Exceeds $1B Target with Fifth Value-Add Real Estate Fund
Mesa West Capital, the private U.S. real estate credit arm of Morgan Stanley Investment Management, has raised approximately $1.37 billion for Mesa West Real Estate Income Fund V, L.P., exceeding its original $1-billion fundraising target. Fund V is the latest and largest in Mesa West’s closed-end value-add series and is the first successor vehicle raised by Mesa West since joining Morgan Stanley Investment Management.
Fund V was established to originate, purchase and manage loans secured by value-add / transitional commercial real estate assets throughout the U.S., which has seen increased demand due to regulatory changes resulting from the Global Financial Crisis and the current volatility and dislocation in the capital and property markets.
“Mesa West’s successful track record through multiple cycles, including through the Global Financial Crisis, has been a differentiator for the platform in continuing to organically grow our business over time,” said Jeff Friedman, principal of Mesa West.
- ◦Financing
