Argosy Real Estate Partners has held a final close for its Argosy Real Estate Partners IV, and its parallel funds, exceeding its fundraising target.
AREP IV raised $286 million, exceeding its $250 million target size. Investors included insurance companies, foundations, family offices, and high net worth individuals from the United States, Europe and Asia.
AREP IV had a fundraising goal of $200 million.
AREP IV is a closed-end, commingled, fully discretionary real estate opportunity fund targeting multifamily, commercial, lodging, and for-sale residential land investments in the United States. AREP focuses on investment opportunities in the lower middle market that require between $5 and $20 million of equity capital. AREP IV has made six investments to-date committing approximately $60 million of capital and maintains a strong transaction pipeline.
