London Investor Sees U.S. Multifamily as Best Positioned for Next 5 Years via CoStar Group

Henderson Global Investors raised another $50 million for its latest U.S. multifamily housing fund - CASA Partners V, taking in a total of $155 million equity to date. It is targeting a total $250 million equity raise before its final closing date at year-end, representing an initial gross portfolio size of up to $750 million (including a maximum loan-to-value of 65%).

CASA V is the fifth in a series of successful US value-add multifamily housing funds that seeks to profit by integrating value-enhancing strategies with low-cost tax-exempt bond financing.

London-based Henderson said it regards the U.S. apartment market as one of the best-positioned sectors over the next five years. Multifamily housing is widely recognized as one of the nation’s largest and healthiest real estate sectors. Apartments are anticipated to have the most favorable occupancy and rent growth conditions of all asset classes.

Read more...London Investor Sees U.S. Multifamily as Best Positioned for Next 5 Years - CoStar Group