Boston-based Berkshire Group, a real estate investment management company, has raised $1.25 billion for its second multifamily debt fund. Berkshire Multifamily Debt Fund II will invest in debt assets secured by multifamily properties.
BOSTON–(BUSINESS WIRE)–Berkshire Group announced that Berkshire Multifamily Debt Fund II closed in Q1 2018, with equity commitments of $1.25 billion.
The Fund will primarily consist of Freddie Mac’s Multifamily Capital Markets Execution debt investments focusing on current income and credit quality to optimize these risk-adjusted opportunities. The Fund will also invest opportunistically in other debt assets secured by multifamily properties such as mezzanine debt, B-notes, and discounted notes.
“The Berkshire Multifamily Debt Fund is a continuation of our efforts to create products that meet our clients’ needs by expanding and customizing our scope in rental residential real estate investment offerings,” noted Chuck Leitner, CEO, Berkshire Group. “By drawing on decades of investment and operational experience, Berkshire continues to look to add value to debt and equity investment opportunities in the U.S. housing sector.”
About Berkshire Group
Berkshire Group is a real estate investment management company primarily known for its multifamily investment and operational experience. In addition to deploying capital through equity, debt and development in the multifamily arena, Berkshire invests in opportunistic ventures in other real estate sectors through its Venture Investments group. Over more than four decades, Berkshire’s team of industry leaders has gained a reputation for being able to identify opportunities and effectively manage through various economic environments, establishing a long-term track record of solid performance based on thoughtful, leading edge strategies, and operational experience. The Company has experience in disciplines including acquisitions, portfolio and property management, debt, development and redevelopment. Berkshire, a registered investment advisor, is headquartered in Boston and has offices in Atlanta, New York, Baltimore, Dallas, Houston and San Francisco. As of December 31, 2017, Berkshire Group had approximately $7.3 billion in real estate assets under management. For more information on Berkshire, please visit www.berkshire-group.com.