AEW raises €370m

The US-headquartered real estate asset manager closes residential fund below target.

AEW has held a final close of RESIDYS at €370 million, missing its initial target of €400 million. The fund is dedicated to residential real estate assets in France, with a primary focus on Paris, and has a total investment capacity of €600 million.

The fund counts new French and international institutional investors in its limited partner base.