An exterior view of a multifamily residential building in Sunnyvale, Calif. (123rf)
The Seoul-based asset manager added it has attracted capital commitments from eight undisclosed South Korean institutional investors, targeting annual returns of up to 11 percent from its fund-of-funds strategy.
Bridge Debt Strategies Fund IV, managed by Salt Lake City-headquartered real estate investment house Bridge Investment Group, aims to deploy its capital to mortgage loans for multifamily housing — usually in the form of apartment buildings — and securitized instruments backed by the loans.
Of the total, half of its capital will go to multifamily mortgage-backed securities called K-Deals. The structured…