Artemis fund holds $580m final close
Artemis Real Estate Partners has held a $580 million final close for the Artemis Real Estate Partners Fund II. The value-added/opportunistic fund launched in September 2013. It surpassed its $500 million target.
Artemis Real Estate Partners Fund II will invest in the United States with a focus on the multifamily, office, industrial, retail, senior housing and self-storage sectors. A recent investor is the $104.3 billion New York State Teachers’ Retirement System.
The fund’s predecessor, Artemis Real Estate Partners Fund I, closed in January 2012 with $436 million in equity commitments. The fund focuses on distressed properties and loans.
Artemis Fund I invests in opportunistic debt and equity investments in office, retail, industrial, multifamily and senior housing properties, with an initial focus on distressed situations and nonp