Managers

Just closed: American Real Estate raises $63m

Tennessee Consolidated Retirement System is a limited partner in the fund.

By
PEI Staff
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American Real Estate Partners Strategic Office Fund II has held a final close at $63 million. The vehicle, which was launched in November 2015, focuses on value-added office investments in the United States, primarily targeting Washington DC, Northern Virginia, Suburban Maryland, Philadelphia, Northern New Jersey and Raleigh Durham, NC.

Tennessee Consolidated Retirement System has committed $47.5 million to the fund.

The previous vehicle in the series gathered $44 million in 2014, having initially targeted $50 million.