CBRE Global Investors has held its final close for its affordable housing fund, with equity commitments totalling £250m.
The CBRE UK Affordable Housing Fund is an open-ended unlisted fund with a focus on social and affordable rented housing, shared ownership and other tenures including key worker housing and homeless hostels.
It will partner with registered providers that will manage the homes.
CBRE GI raised the capital from 13 institutional investors, including Big Society Capital, a financial institution that targets social investment in the UK.
AHF seeks total returns of 6%, which it said will meet the investment