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Chicago & Midwest  + Downtown  + Finance  |  July 1, 2021
Paul Bubny
By: Paul Bubny

Mesirow Exceeds Target for Latest Value-Add RE Fund

Mesirow on Wednesday announced a successful capital raise for the Mesirow Financial Real Estate Value Fund IV, the latest in the Chicago-based firm’s series of risk-balanced, multi-family value-added investing opportunities. Reflecting the team’s record of strong risk-adjusted returns, fundraising was oversubscribed after reaching a hard cap of $750 million.

Managed by Mesirow Institutional Real Estate Direct Investments (IRED), Fund IV will invest in the multifamily sector across the nation’s top 25-30 markets. In a post-pandemic environment, the team’s sector-focused strategy is positioned to capitalize on long-term secular themes.

“Apartments are the only major property type where individuals as end users directly drive necessity-based demand,” said Alasdair Cripps, CEO of IRED. “In a normalizing post-COVID market, we believe that constructive fundamentals – and strong results for our investors – will be supported by under-build in the apartment sector as well as rising construction costs and labor shortages in the housing industry.”

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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 16-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 7-10 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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