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Brookfield's US multifamily fund pulls in $456M

Brookfield Fairfield U.S. Multifamily Value Add Fund III LP has raised about $456.3 million to date, according to an SEC filing.

The fund is managed by Fairfield Residential Co. LLC, an affiliate of Brookfield Asset Management Inc. unit Brookfield Private Advisors LLC that invests in multifamily residential properties across the U.S.