BayNorth Capital has closed a commercial real estate investment fund with over $472 million in funding and expects to invest in more than $1.7 billion of real estate nationwide over a four-year period.The investors include endowments, pension funds, banks and family trusts, the Boston-based real estate investment company reported. BayNorth invests in equity or mezzanine debt, sometimes in joint venture with others. Investments, ranging between $15 million and $50 million per transaction, will include office, residential, hotel, industrial, self-storage, and retail properties. Chip Douglas and Charles F. Wu are the co-founders of BayNorth, which was previously the Real Estate Group of Charlesbank Capital Partners.
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