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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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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 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).