Gerding Edlen Investment Management, a Portland, OR-based real estate investment manager, held final close of its third real estate fund, Gerding Edlen Green Cities III.

Gerding Edlen will seek to invest Fund III in mixed-use, multifamily, and office properties in urban, high-growth markets that present value-add investment opportunities.

Through Fund III, the firm will focus on developing, retrofitting and managing properties with an approach…