Mesirow raises $750m for real estate fund

Chicago-based asset manager Mesirow announced a $750 million fund raise for its latest multi-family housing sector offering, reaching its hard cap.

The Mesirow Financial Real Estate Value Fund IV is the latest in the firm’s series of multi-family value-add investment funds. The fund invests across the top 25-30 markets within the U.S.

Mesirow IRED CEO Alasdair Cripps (provided)

Managed by Mesirow Institutional Real Estate Direct Investments (IRED), the fund’s sector-focused strategy is said to be well positioned post-pandemic to capitalize on long-term secular themes . . .

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