Managers

The Los Angeles-based firm has garnered $380m in commitments for its Mesa West Real Estate Income Fund III, which is looking to provide financing for value-added real estate investments across the US.

Single-family rentals have been among the most publicised real estate investment strategies of 2012, but also perhaps one of the least understood.

Through its $414m Davis Investment Ventures Fund II the Boston-based real estate operator will target debt and equity positions in all property types across the US. In addition, it will purchase distressed assets and stabilise them through its operating platform.

The emerging industry appears to have generated more attention that actual investment – and that has led to some misconceptions about the opportunity, according to one firm investing in the strategy.

The San Francisco-based real estate investment management firm has acquired four offices on behalf of DivcoWest Fund III for $108m.

The fund, which focuses on small- to mid-sized value-added investment opportunities in New York, has raised $10 million of its $50 million target.

The state investment board, which manages $12.78 billion in total assets, has agreed to invest in two value-added funds as it continues to raise its exposure to the real estate strategy.

The Hong Kong-based private equity real estate firm garners $140 million in a pre-first closing to acquire a small number of seed assets.

The Denver-based investment firm has raised $85 million of the $100 million target for its second real estate finance fund. To date, Fund II is 40 percent invested.

Rockefeller-backed firm launches Europa Capital Mezzanine to provide loans to the UK commercial property sector.