HUSREF VI has formed a second JV with Magellan to buy the 5 Central asset. : Harbert Management Corporation’s sixth US real estate fund has partnered with Magellan Investment Partners to buy a 140-unit multifamily asset in the Minneapolis suburb of Osseo. The manager, on behalf of its Harbert United States Real Estate Fund VI (HUSREF VI) fund, has formed a second joint venture with the Chicago based property investor to buy the 5 Central asset for an undisclosed sum.