Mesirow Institutional Real Estate Direct Investment has so far raised $532m (€495.8m) for its latest US apartments fund, according to a recent SEC filing.
The Chicago Municipal Employees Annuity & Benefit Fund also recently disclosed in a meeting document that it committed $25m to Mesirow Financial Real Estate Value Fund V, the fund seeking to raise $1.2bn.
Mesirow raised $750m for the previous fund in the series which closed in June 2021.
The latest fund will be investing in value-add properties located in the top 25 to 30 markets throughout the US.
Mesirow has a history of investing in a variety of areas including Northern and Southern California, Seattle, Florida, Illinois, Massachusetts, Maryland, Illinois and Texas.
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