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APRIL 3, 2019

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Artemis holds $1b final close for third value-add real estate fund

by Released

Artemis Real Estate Partners has held a final close of its third value-add real estate fund, Artemis Fund III with $1.010 billion of equity commitments, exceeding its target of $750 million.

93 percent of existing firm investors re-upped in Artemis Fund III and were included in the fund’s first close of $661 million. The fund is the largest yet for Artemis. The commingled fund received strong support from a diverse group of institutional investors, including large public and corporate pension funds, endowments, foundations, and family offices.

Fund III is a fully discretionary vehicle targeting assets across the United States, building on Artemis’ existing national platform. The fund expects to remain diversified across all major product types, with a focus on multifamily, office and industrial and investments in healthcare, self-storage, hospitality and retail.

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