Fundraising

As real estate deal volume declined in 2016, so did the amount of capital raised in the asset class, according to the London-based advisory services firm.

The number of the funds that reached a final close in 2016 was the lowest in eight years, according to new fundraising data.

The Dallas-based firm closed its last value-added fund in January on $1.9bn.

The Chicago-based firm is seeking almost $240m more for its latest value-added vehicle than the predecessor fund.