Artemis holds $950m third close for third real estate fund

Artemis Real Estate Partners, a real estate investment management firm based in the Washington, D.C., metropolitan area, has raised $950 million for its third value-added/opportunistic real estate fund, Artemis Real Estate Partners Fund III, according to a filing with the SEC. The firm did not comment on its fundraising efforts. The value-added/opportunistic fund exceeded its $750 million fundraising target.

As with previous funds in the series, Artemis Real Estate Partners Fund III is a value-added/opportunistic fund that will invest in the United States with a focus on the multifamily, office, industrial, retail, senior housing and self-storage sectors. The fund’s predecessor, Artemis Real Estate Partners Fund II, held a $580 million final close in 2014, and the first fund in the series, Artem