BOSTON–(COMMERCIAL THREAD) – Berkshire Residential Investments has announced the final closing of Berkshire Multifamily Debt Fund III with equity commitments totaling $ 1.85 billion.
The Fund will be comprised primarily of investments in Freddie Mac Multi-Family Rendered Type B Debt Securities which are secured by high quality multi-family mortgages across the United States. The Fund will also opportunistically invest in other debt assets secured by multi-family properties, such as preferred stocks, mezzanine debt, B notes and discount notes.
“The success of the Berkshire Debt Fund Series reflects investors’ continued interest and confidence in our debt investment team,” noted Jon Pfeil, Managing Director, Head of Debt Investments at Berkshire. “Berkshire has decades of experience investing in US real estate, and we will continue to develop equity and industry debt products that respond to changing market trends. ”
About Berkshire Residential Investments
Berkshire Residential Investments is a vertically integrated residential real estate investment and property management firm with over 50 years of experience. Berkshire’s team of industry leaders have earned a reputation for being able to identify opportunities and manage them effectively in various economic environments, establishing a long-term history of strong performance based on investment strategies. thoughtful and cutting edge, as well as hands-on development and operational experience. . Berkshire, a registered investment advisor, is headquartered in Boston with offices in Atlanta, Dallas and San Francisco. As of March 31, 2021, Berkshire had approximately $ 12.1 billion in real estate assets under management. For more information on Berkshire, please visit www.berkshireresi.com.