AEW holds $500m final close for senior housing fund
AEW has received an additional $5 million commitment from an unnamed pension fund for AEW Senior Housing Investors III, bringing total equity commitments to more than $500 million and meeting the fund’s equity fundraising target. In addition, the fund closed on $100 million of additional client co-investment capital. As of January, as reported in an IREN article, AEW Senior Housing Investors III was under its $500 million equity fundraising target, having raised $496 million.
The fund, which launched in April 2016, invests primarily in age-restricted, independent living, assisted living and memory care communities, and is already more than 40 percent committed. The value-added fund invests in stabiliz