American Ventures Partners has launched American Ventures Strategic Property Fund to invest in distressed U.S. commercial real estate, with a target capital raise of $1 billion. The investment fund provides a tax-advantaged structure to non-U.S. investors.
“Uncertain times offer extraordinary opportunity,” said Philip Blumberg, chairman of American Ventures. “That holds true like never before, with class A office properties available at steep discounts. Geographically, our best opportunities will be found in states with comparatively low costs of living and taxes, such as Texas and Florida, markets where we have strong experience.”
American Ventures is one of the top-performing, institutional real estate investment managers in the United States, posting average annual returns of 18 percent, net of fees and expenses, since 1992. Today’s launch marks the fifth distressed commercial real estate fund formed by Blumberg over three decades — forming funds
