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The firm recapitalized the portfolio from an existing multifamily vehicle into its first continuation fund. Bridge Investment Group's Bridge Multifamily Fund III has transferred assets to a continuation fund.
The financing vehicle focuses on value-add, Class B properties.
More than half of the monthly commitments were allocated for real estate investments.
SALT LAKE CITY, UT - Bridge Investment Group Holdings announced the completed fundraising for Bridge Workforce and Affordable Housing Fund II, raising $1.74 billion in equity commitments, ahead of its $1.50 billion target. BWAF II is dedicated to building, preserving, and rehabilitating predominantly non-government subsidized housing wherein at least 51% of residents earn below 80% of area median income (“AMI”), meeting the needs of the large and priced-out “missing...