Wisconsin Investment Board commits $288m total to four real estate funds managed by Essex, Berkshire Residential, 1547 Critical Systems & Bridge

The State of Wisconsin Investment Board (SWIB) has committed $288 million total to four real estate funds: WESCO V, Berkshire Bridge Loan Investors III, 1547 Data Center Fund III and Bridge Logistics Value Fund II, according to meeting materials.

WESCO V, a program of Essex Property Trust, received $28 million. This fund will invest in multifamily assets in the United States. A fundraising goal has not been disclosed.

Berkshire Bridge Loan Investors III, a vehicle of Berkshire Residential Investments, received $100 million. The closed-end fund is focused on providing loans on U.S. multifamily assets. It has a fundraising goal of $3.5 billion. Its predecessor, Berkshire Bridge Loan Investors II, raised a total of $1.5 billion in equity, which was $470 million over its target amount. This commitment follows a previous investment by TRS Louisiana.

1547 Data Center Fund III, a vehicle of fifteenfortyseven Critical Systems Realty, was allocated $50 million. The value-added, closed-end fund invests in data centers in the United States. It has a fundraising goal of $600 million.

Bridge Investment Group’s Bridge Logistics Value Fund II received $110 million. It is a value-added, closed-end fund targeting industrial properties in the United States. It has a fundraising goal of $1.5 billion.

Berkshire Residential Investments
John Lamb | Partner, Head of Portfolio Management, Equity
1547 Critical Systems Realty
Corey Welp | Managing Partner/Co-Founder-Investments/Development
Essex Property Trust (NYSE: ESS)
Dmitry Taraschansky | SVP, Acquisitions & Investments
Bridge Investment Group (NYSE: BRDG)
Brian Gagne | Sr Managing Director & CIO, Bridge Logistics

Additional Filters

Subcategory
Tags