Funding round
Merritt Properties Growth
Reported as "Growth Equity"
Merritt Properties, which works in commercial real estate development in Baltimore, raised $750M in a Growth round announced on 1 Jul 2026, led by Centerbridge Partners. 3 firms took part.
$750M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Merritt Properties did not disclose a valuation in this round. It is Merritt Properties' first venture round on record, 59 years after it was founded in 1967. No later venture round is on record for Merritt Properties.
Merritt Properties' funding rounds
This is the only venture round on record for Merritt Properties.
- Growth this round 1 Jul 2026, led by Centerbridge Partners $750M
Investors
Who put money in
Centerbridge Partners led the round with 2 other firms.
Lead investor
- backs 11 venture-backed companies new investor
Also in the round
- backs 5 venture-backed companies new investor
- backs 4 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations, acquisitions and working capital.
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
6 Growth rounds in Real Estate Rental within a year either side disclosed an amount; the median was $660M, and this round was close to the median. The closest in time, other companies' Growth rounds in Real Estate Rental:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Bridge Logistics Real Estate Rental | 2 Jun 2026 | $1.40B | not disclosed | Bridge Investment Group |
| Tritax Big Box Real Estate Rental | 6 Aug 2026 | $470M | not disclosed | not named |
| Real Estate Rental | 28 Sep 2026 | $850M | not disclosed | not named |
| Real Estate Rental | 8 Sep 2026 | $66M | not disclosed | not named |
| Vertical Bridge Real Estate Rental | 22 Apr 2026 | $1.50B | not disclosed | KKR |
| Real Estate Rental | 16 Sep 2025 | $150M | not disclosed | Hyatt Hotels Corporation and Kiraku Inc. |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Merritt Properties raise in its Growth round?
Merritt Properties raised $750M in its Growth round, announced in Jul 2026.
Who led Merritt Properties' Growth round?
Centerbridge Partners led it, with Almanac Realty Investors and Almanac Ventures.
What was Merritt Properties' valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Real Estate Rental?
6 Growth rounds in Real Estate Rental within a year either side disclosed an amount; the median was $660M, and this round was close to the median.