Al. Neyer Industrial Fund II closes at $200m

Al. Neyer, a real estate developer in Greater Cincinnati, has closed its second industrial real estate fund, Al. Neyer Industrial Fund II, at $200 million.

The fund is expected to develop $900 million of class A industrial projects in the company’s core markets of Cincinnati, Pittsburgh, Nashville and Raleigh, as well as other markets, according to the Cincinnati Business Courier. Fund II will focus on developing bulk, rear-load and single-load buildings, as well as last-mile industrial space.

The fund’s predecessor, Al. Neyer Industrial Fund I, closed in April 2021 with $110 million in equity commitments. The vehicle surpassed its fundraising target of $100 million and followed a similar development strategy to Fund II.