M
esirow Institutional Real Estate Direct has closed its Mesirow Financial Real Estate Value Fund V, securing $1.245 billion in investor commitments - a 66% increase over the previous fund. This achievement underscores the firm's growing reputation as a leader in value-added multifamily real estate investments.

    The fund will focus on repositioning underperforming Class A properties through revenue enhancement, cost optimization, and high-quality management in top US metropolitan markets. Alasdair Cripps, Chief Executive Officer and Chief Investment Officer of Mesirow Institutional Real Estate Direct, expressed gratitude for the continued support from investors amidst market uncertainty.

    Mesirow's strategy targets high-growth markets with limited new supply and strong demographic trends, making multifamily assets an attractive investment opportunity due to their resilience and potential for inflation protection. The firm's proven investment discipline has been cycle-tested, focusing on repositioning underperforming Class A properties in high-growth markets where barriers to entry reduce the risk of oversupply.

    With Fund V, Mesirow expands its national footprint and solidifies its position as a key player in the value-added multifamily investment space. The fund is supported by a global base of institutional investors, contributing to a platform that has surpassed $8.5 billion in assets under management.