**MSquared Secures $139M First Close for Second Mixed-Income Housing Fund**
MSquared, a women-owned real estate investment and development platform based in Lower Manhattan, has announced the $139 million first close of its Equitable Housing Solutions Fund II (EHSF II). This fund will support the development of mixed-income, mixed-use projects in urban areas across the United States.
The capital raise attracted both returning and new investors, including Citi Community Capital (serving as anchor investor), Bank of America, Trinity Church NYC, Capricorn Investment Group, and Deutsche Bank. With a fundraising target of $250 million, the EHSF II is expected to finance more than $1 billion in new mixed-income housing developments.
“By focusing on providing mixed-income housing in high-growth, high-cost areas, this fund both addresses the breadth of the affordability crisis and capitalizes on an investment opportunity not otherwise available in the private markets,” said Alicia Glen, founder and managing principal of MSquared. “Having been in the real estate business for decades, it’s clear that the traditional approach to housing development is not working and it’s time to do things differently.”
Industry professionals are invited to join the upcoming “Connect New York Apartments Investment & Finance” conference on October 23. The event will explore adaptive reuse strategies, trends in distressed property, and shifting dynamics in New York’s multifamily market. Attendees will gain critical insights on navigating policy changes, securing capital, and uncovering investment opportunities within today’s complex real estate environment.
