The investment firm Vistria Group has raised more than $2.5 billion in assets under management for its real estate fund focused on affordable housing.
The capital increase comes as the so-called private real estate industry emerges from its toughest fund-raising year in more than a decade. But it also highlights how some investors see an opportunity to address the nation’s affordable housing crisis, which continues to simmer as a major political issue.
Vistria’s fund is led by Margaret Anadu, who joined the firm from Goldman Sachs in 2022. Vistria, based in Chicago, has acquired more than 7,000 homes since the real estate fund opened in 2023. Among its most recent deals was a project to convert nearly 700 market-rate apartments in California into affordable housing.
Source: Real Estate Fund Exceeds $2.5 Billion for Affordable Housing – The New York Times
