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BlackRock raises $1.7b for U.S. core property fund

by Jody Barhanovich

BlackRock has raised $1.7 billion for its BlackRock U.S. Core Property Fund, according to a filing with the SEC.

BlackRock has been raising equity for a number of real estate and infrastructure funds. Previously, BlackRock received commitments from the $13 billion Orange County (Calif.) Employees Retirement System for its BlackRock Global Renewable Power Fund II and the $176.5 billion Florida State Board of Administration for its BlackRock Europe Property IV.

In recent real estate transactions,

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