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Hines US Office Value Added Venture III has obtained $210 million in equity from a single institutional investor. With leverage, the vehicle will have more than $600 million of buying power for the US office sector.
After holding a $600 million closing in December, the San Francisco-based multifamily specialist has seen its Carmel Partners Investment Fund IV reach its hard cap of $820 million.
An index of 300 value-added and opportunistic real estate funds across the world, sponsored by Partners Group and Thomson Reuters, recorded a return of 10.4 percent for 2011 – better than both a listed index and the wider S&P 500 Composite Total Return Index.
The LA-based global property investment management giant is well on its way to reaching the $750m capital raising target for its CBRE Strategic Partners US Value VI fund, according to a document by the San Diego City Employees' Retirement System.
The San Francisco-based real estate investment manager has wrapped up fundraising for its debut value-added fund. The firm also recently made its fourth acquisition on behalf of the vehicle.
Although Shorenstein Properties and Lowe Enterprises have dipped their toes in the distressed waters since 2009, the firms are focusing more on value-added opportunities now that recovery is on the horizon.
Rockwood Capital Real Estate Partners IX is seeking $750 million to target hotels, offices, residential and retail properties throughout the US that are underperforming or suitable for redevelopment or expansion.
The New Jersey-based real estate investment manager plans to increase and expand its value-added real estate investments, targeting the apartment, office and retail sectors.
Listed French real estate company, Altarea Cogedim, has beaten its original fundraising target by collecting €600m of commitments for a Paris office vehicle seeking mid-teen returns.
Columbus Capital Management, the value-added fund manager of London-based Schroders’ real estate investment and asset management business, has already deployed half the total equity raised.
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