Longfellow Real Estate Partners has created a $500m investment vehicle to invest in US life science and technology assets.

Longfellow Strategic Value Fund will seek to create a diversified portfolio of assets by employing several strategies.

The fund’s plan includes buying stabilised assets, the conversion of properties for use by life science and technology tenants, as well as ground-up development of new properties.

The vehicle will target investments in growth markets that support innovation and clustering of knowledge industries.

Real estate advisory firm Hodes Weill Securities, acted as financial advisor and placement agent for Longfellow.