M
esirow Institutional Real Estate Direct has successfully closed the Mesirow Financial Real Estate Value Fund V, securing $1.245 billion in investor commitments. This represents a 66% growth over the prior fund and solidifies the company's position as a leading player in the US multifamily market.

    The fund will focus on multifamily assets across top US markets, with an emphasis on creating value through revenue enhancement, cost optimization, and best-in-class property management. The team behind the fund has a proven track record of success, managing over $8.5 billion in assets since inception and boasting senior investment professionals with an average of 30 years of multifamily experience.

    "We are proud to have secured the continued support of our investors," said Alasdair Cripps, Chief Executive Officer and Chief Investment Officer of Mesirow Institutional Real Estate Direct. "Our focus on value-added, risk-balanced multifamily real estate strategies has yielded strong results, and we remain committed to delivering attractive returns for our clients."

    The fund's investment discipline is centered around repositioning underperforming Class A multifamily assets in high-growth markets, acquired at discounts to replacement cost. This strategic approach has been key to the company's success and will continue to drive value creation.

    Mesirow Institutional Real Estate Direct provides institutional investors with access to compelling direct investment opportunities and attractive risk-adjusted returns in the real estate market. With a strong track record and experienced team, the company is well-positioned to capitalize on enduring demand and favorable apartment fundamentals in the US multifamily market.