Berkshire Group closes latest real estate fund at $1 9 billion pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
Berkshire Residential Investments Announced Berkshire Multifamily Debt Fund III Closed in Q3 2021 apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Berkshire Residential Investments closes oversubscribed debt fund
Berkshire Residential Investments closes oversubscribed debt fund
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Berkshire Residential Investments closed its real estate debt fund Berkshire Bridge Loan Investors II at $1.5 billion.
The fund exceeded its fundraising target of $1 billion, said spokesman John Dobroski in an email.
According to the news release, the fund supports the MF1 direct lending platform, a partnership between Berkshire and Limekiln Real Estate that provides financing for U.S. multifamily assets including mezzanine debt, preferred equity and senior mortgages.
The previous fund, Berkshire Bridge Loan Investors I, closed at $452 million in 2019.
Investors in the new fund include the $29.8 billion New Mexico State Investment Council, Santa Fe.
Berkshire Bridge Loan Investors II Held a Final Close on April 30th With $1 47 Billion of Commitments, Exceeding Its $1 0 Billion Target digitalmedianet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitalmedianet.com Daily Mail and Mail on Sunday newspapers.