Artemis Real Estate Partners raises $661m for real estate fund

Artemis Real Estate Partners, a majority women-owned real estate investment management firm based in the Washington, D.C., metropolitan area, has raised $661.05 million for its third value-add/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.

Just like previous funds in the series, Artemis Real Estate Partners Fund III is a value-add/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 received a $75 million equity commitment from the $40.4 billion Illinois Municipal Retirement Fund in 2017.

The fund’s predecessor, Artemis Real Estate Partners Fund