Financial services firm Mesirow Financial held the final close of a multifamily value-added real estate fund, receiving $567 million of equity commitments.
Mesirow Financial Real Estate Value Fund III LP attracted commitments from institutional investors across the U.S., Europe and Australia, according to a release.
The closing of the fund, which is managed by Mesirow Financial's Real Estate – Direct group, will allow the team to acquire more than $1.6 billion in real estate assets.
The group primarily targets value-added multifamily assets in the U.S., with a secondary focus on the student housing sector.