Realterm has closed its Realterm Logistics Fund IV (RLF IV) at its contractual hard cap of $630 million of investor commitments.
Launched late in the fourth quarter of 2021, RLF IV, like its predecessor funds, invests in high-flow-through (HFT) logistics real estate throughout the United States. The fund’s controlled investment pipeline already sits at approximately $500 million in gross investment value.
“Institutional appetite for HFT logistics real estate remains strong, and we are pleased that the offering was oversubscribed and raised to its hard cap,” said Pete Lesburg, managing director of capital markets at Realterm. “We have seen strong institutional support from existing Realterm partners across our family of funds, and [we have] been fortunate to welcome in several new investors into this fund series.”
RLF IV is the fourth fund in the firm’s U.S. closed-end, value-add Realterm Logistics Fund Series, which has so far invested $1.3 billion a
