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Sign in Sign up for a FREE subscriptionAllianceBernstein launches AB U.S. Real Estate Fund III
AllianceBernstein has launched a third fund in a series of limited partner vehicles, AB U.S. Real Estate Fund III.
The closed-end fund will follow a debt, direct properties/equity investment strategy. It will focus on markets within the United States.
A target amount for the fund could not be confirmed at time of publication.
The previous fund in the series, AllianceBernstein U.S. Real Estate Partners II, closed in June 2015 with $1.2 billion in capital commitments, exceeding its target of $1 billion. Prior to that, the first fund in the series, AllianceBernstein U.S. Real Estate Partners, closed in March 2012 with $680 million.
As of May 13, AllianceBernstein’s preliminary assets under management increased to $568 billion in April, up from $555 billion at the end of March. The firm had $1.583 billion allocated to real estate, as of March 2017.
