Bouwfonds Asset Management has launched Bouwfonds US Residential Fund for international institutional investors in partnership with Fairfield Residential, one of the largest players in the US residential property market.
Bouwfonds Asset Management has launched Bouwfonds US Residential Fund for international institutional investors in partnership with Fairfield Residential, one of the largest players in the US residential property market.
Bouwfonds said the fund, its third, will invest in a geographically and economically spread portfolio of existing and low-vacancy rental homes in America. The fund anticipates a total return of at least 10% and the intention is to build up a $750 mln portfolio within three years. The fund has already acquired six apartment complexes with a total value of $145 mln to begin its portfolio.
