AEW Capital Management launches strategic retail fund

AEW Capital Management, a global real estate investment management firm, has launched its next real estate fund, focusing on strategic retail investments, according to IREI’s FundTracker database. AEW did not comment on its fundraising efforts.

The new fund, AEW Strategic Retail Fund, is a value-add real estate fund with a fundraising target of $500 million. The firm will focus investments in the United States.

AEW Capital has been active with its real estate fundraising throughout the first half of 2018. In April, the firm held a $614.85 million final close for AEW Partners Real Estate Fund VII, an opportunistic real estate fund that invests in assets throughout the United States, and in June, held a $1.12 billion final close for AEW Value Investors Asia III (VIA II