**MSquared Reaches $139M First Close on Second Mixed-Income Development Fund**
MSquared, a women-owned real estate investment and development platform, has announced the $139 million first close of its second fund, Equitable Housing Solutions Fund II (EHSF II). The fund is designed to support the development of mixed-income, mixed-use projects across cities nationwide.
Headquartered in Lower Manhattan, MSquared secured investments from both returning and new partners. These include anchor investor Citi Community Capital, along with Bank of America, Trinity Church NYC, Capricorn Investment Group, and Deutsche Bank. With a target of raising $250 million, EHSF II expects to finance over $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 can learn more about innovative strategies like this at the upcoming Connect New York Apartments Investment & Finance event on October 23. The conference will explore critical topics such as adaptive reuse, distressed property outlooks, changes in multifamily dynamics, policy shifts, capital strategies, and current real estate opportunities.
This milestone highlights MSquared’s continued commitment to redefining urban development and bridging the gap in housing affordability.
