BOSTON, MA — January 9, 2025 — Berkshire Residential Investments (“Berkshire”) and Limekiln Real Estate (“Limekiln”) announced the successful final close of Berkshire Bridge Loan Investors-MF1 III, L.P. (“BBLI III”), raising $1.99 billion in commitments. This represents the largest commingled fund in the series to date. The fund attracted commitments from a wide range of investors from across the globe, including both existing and new relationships for the firm.
The Fund supports the investment activity of the MF1 private lending platform, which is a partnership between Berkshire and Limekiln Real Estate. MF1 is a leading provider of multifamily financing in the U.S.
About Berkshire Residential Investments
Berkshire Residential Investments is a privately held investment management company known for its innovative, owner-operator platform and 58 years of experience in U.S. residential real estate. Berkshire makes investments throughout the capital stack and across the risk spectrum. Berkshire, a registered investment advisor, is headquartered in Boston and has offices in Dallas and San Francisco with over 1,000 employees. As of September 30, 2024, Berkshire had approximately $28.8(1) billion of real estate assets under management on behalf of a wide range of global institutional investors. Berkshire owns, manages, and oversees approximately 475,000 residential units through equity and debt investments. Across its residential platform, Berkshire currently sponsors a value-add fund series, a core fund, a credit fund series, and a private lending series. In addition, the Firm manages separate accounts focused on equity and debt investments in market-rate apartments and niche residential sectors, such as senior housing. For more information on Berkshire, please visit www.berkshireresi.com.
About Limekiln Real Estate
Limekiln Real Estate is a multifamily-focused real estate investor led by seasoned professionals who have built multiple platforms and executed through multiple cycles. Limekiln executes its multifamily direct-lending strategy through the MF1 platform, a partnership with Berkshire. It executes high-yield multifamily securities strategy with other institutional investors via controlling classes of Freddie Mac B-piece securitizations. Limekiln is also active in real estate special situations.
1 Assets under Management (“AUM”) reported in this presentation is calculated as the sum of the gross asset value of the Firm’s investment vehicles & unfunded capital commitments for such vehicles.