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Equity Resource Investments raises USD37m for real estate fund

Private equity firm Equity Resource Investments has raised over USD37m for its latest real estate private equity fund.

Equity Resource Fund 2009 will invest in all classes of real estate, primarily through acquisition of fractional equity interests, direct real estate investments, joint venture participations, merger transactions, and other opportunistic investments on a high value, risk-adjusted basis, primarily in the US.

“We strongly believe that times of financial distress represent exceptional opportunities to make investments,” says Eggert Dagbjartsson, managing director of ERI. “Having dry powder when capital is scarce allows ERI investors access to attractive transactions in superior properties.”

Fund 2009 invests on behalf of high net worth individuals, registered investment advisors, broker/dealers, family offices, and institutional investors.

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