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Asia Capital Real Estate collects $320m from Almanac Realty Investors
Fundraising - JANUARY 19, 2021

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Asia Capital Real Estate collects $320m from Almanac Realty Investors

by Kali Persall

A fund managed by Almanac Realty Investors, the private real estate investment arm of Neuberger Berman, has committed $320 million in capital to various funds managed by Asia Capital Real Estate (ACRE), a global real estate private equity firm that manages capital for institutional and family office investors.

According to ACRE, the investment will help provide strategic growth capital to ACRE’s general partner and investment manager, as well as anchor investments in their upcoming series of real estate private equity and debt funds, focused on multifamily investments.

ACRE is a vertically integrated real estate private equity firm and direct multifamily lender that specializes in the acquisition, development and management of value-add workforce and affordable housing properties in strategic growth markets across the United States. The company is planning to invest more than $2 billion through its upcoming private equity funds and has already deployed more than $300

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