The Bailard Real Estate Fund has completed three property acquisitions across key U.S. markets during the third quarter of 2025, signaling a return to deliberate investment activity as market conditions show signs of improvement.
The acquisitions reflect the Fund’s strategy of deploying capital selectively while maintaining both liquidity and flexibility amid shifting pricing dynamics and stabilizing fundamentals.
The latest transactions build on momentum generated in late 2024 following the Fund’s successful clearing of its redemption queue and the expansion of its investment team. Entering 2025 with a strengthened operational footing, Bailard resumed its focus on identifying assets capable of delivering current income and long-term value creation.
The Fund’s newly added properties represent a diverse geographic and sector mix. The West Willows Technology Center in Redmond, Washington, is a 155,830-square-foot, three-building research and development and data center campus, fully leased to AT&T through 2027. The stability of the lease provides predictable income in one of Seattle’s most active technology corridors. In El Dorado Hills, California, the Fund acquired a planned 227,000-square-foot climate-controlled self-storage development featuring more than 1,100 units and 136 boat and recreational vehicle spaces, serving growing demand in a rapidly expanding Sacramento suburb. The third investment, known as 750 Curtiss in Downers Grove, Illinois, is a six-story, 138-unit apartment community under development near the Metra rail line serving the Chicago region. The multifamily project is poised to deliver modern amenities, including a fitness studio, co-working space, dog wash, and outdoor pool.
The Fund views these acquisitions as aligned with its long-term investment philosophy of targeting versatile assets in resilient markets. With emphasis on quality, adaptability, and steady demand drivers, the portfolio is positioned to perform through various economic cycles. The firm reports that these investments reinforce its goal of creating a balanced real estate portfolio capable of weathering market fluctuations while identifying opportunities for future appreciation.
As Bailard moves toward 2026, the team continues to evaluate assets that meet its disciplined criteria for long-term value, income stability, and flexibility. With its platform strengthened and capital deployment resuming at a measured pace, the Fund aims to maintain a portfolio suited to today’s environment while preparing for eventual economic recovery.
The Bailard Real Estate Fund is an actively managed open-end core equity real estate vehicle diversified by property type, metropolitan area, and investment stage. As of September 30, 2025, the Fund reported a Gross Asset Value of $1.4 billion, spread across 31 properties in 21 U.S. markets. Participation in the Fund is open to accredited investors who can verify as required under Regulation D.
Bailard, founded in 1969, is an independent, values-driven wealth and asset management firm serving individuals, families, and institutions. The company manages over $7.5 billion in assets. It maintains a long-term record across equities, fixed income, and private real estate, with in-house expertise in sustainable, responsible, and impact investing. The firm is majority employee-owned, woman-led, based in the San Francisco Bay Area, a Certified B Corporation, and a signatory to the UN Principles of Responsible Investing.
KEY QUOTES:
“We set out to make smart additions to our portfolio. Each asset plays a distinct role, whether it is locking in income, setting up future growth, or adding diversification.”
James Pinkerton, SVP of Acquisitions & Portfolio Management
“The portfolio is built to perform across cycles. That means we look for markets with consistent demand drivers, properties that meet essential needs, and designs that can evolve as tenants do. In this environment, quality and flexibility matter most.”
Tess Gruenstein, SVP of Acquisitions & Portfolio Management
