American Real Estate Partners (AREP) has closed its fourth real estate GP fund, AREP Strategic Opportunity Fund IV, with $309 million in equity commitments.
The close reflects significant growth since the conclusion in 2022 of fundraising for AREP’s third investment fund, according to the firm’s release.
Fund IV strategically positions AREP to capitalize on transformative opportunities in high-demand sectors such as data centers and residential real estate. With 80 percent of Fund IV allocated to expanding AREP’s data center platform, PowerHouse, the new fund is set to capitalize on increasing demand for data infrastructure and to demonstrate AREP’s ability to scale operations and foster next-generation assets that drive economic and technological progress.
As the largest AREP fund to date, Fund IV reflects AREP’s expanding base of institutional investors and high-net-worth individuals and demonstrates strong market confidence in AREP’s investme
