LBA Realty has raised more than $730 million for its latest value-added vehicle, according to regulatory filings.
The Irvine, California-based real estate investment firm has garnered $736 million in commitments for LBA Realty Fund IV.
According to the firm’s website, LBA Realty IV is focusing on office and industrial assets in Western US states with a price range of between $8 million and $200 million.
The company, which is currently investing Fund IV, said on its website it would look at vacant or under-leased properties, sale-leaseback opportunities and single tenant or corporate properties.
LBA was unavailable for comment at press time.
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