Henderson Global Investors has acquired SouthView Gables Apartments for USD40,450,000, including USD23,255,000 in favourable tax-exempt bond financing, on behalf of its Casa Partners IV fund. SouthView Gables is a 424-unit apartment complex located in Inver Grove Heights, Minnesota, US. The acquisition represents Henderson’s eighth multi-family community in the Twin Cities. With Casa IV currently 82 per cent invested, and expected to be 100 per cent invested by the end of this quarter, Henderson is now launching Casa Partners V. Casa V will target a USD400m total equity raise, representing up to a USD1.1bn portfolio, which would make it the largest fund in Henderson’s multi-family Casa Fund Series to date. Casa V will target an initial equity raise of at least USD100m by the end of this year.