136
PORTLAND, ORE. — Morrison Street Fund IV has closed three separate investments that were made in the forms of preferred equity, joint venture equity and the purchase of a mezzanine loan. The fund’s total invested equity for the three transactions totaled $11.4 million. This includes a $4.3-million mezzanine loan on the 135,000-square-foot Potrero Business Center in San Francisco; $3.5 million in joint venture equity to recapitalize the 240-unit Tualatin Meadows Apartments in Tualatin, Ore.; and $3.6 million of preferred equity to facilitate a partner’s acquisition of the 256-unit Palm Court Apartments in Phoenix. NBS Real Estate Capital, LLC closed all three investments on behalf of Morrison Street.