Mesirow Closes on $567M RE Value Fund
Chicago-based Mesirow Financial has closed on its latest real estate fund with equity commitments of $567 million from institutional investors across the U.S., Europe and Australia.
Mesirow Financial Real Estate Value Fund III will focus primarily on U.S. multifamily, with a secondary focus on student housing, and positions the firm’s real estate team to acquire $1.6 billion in assets.
“Our value proposition is to provide qualified institutional investors with compelling direct investment opportunities in the real estate industry that they might otherwise not have access to,” said CEO Alasdair Cripps of Mesirow Financial Real Estate—Direct (MFDRE).
Over the past five years, the MFDRE team has raised over $1.5 billion in equity, and has invested in nearly 13,000 multifamily units in 23 cities nationwide. Assets are diversified across suburban and urban properties and U.S. geographic regions, as well as by construction type and vintage year.
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