Brickman launches new value-added fund

Brickman, a New York–based real estate investor and operator, has launched its newest investment vehicle, Brickman Fund VII, according to IREI’s FundTracker database. The firm did not comment on its fundraising efforts.

The new closed-end fund will target value-added office properties throughout the United States. The company has owned, operated, leased and asset-managed more than 8.6 million square feet of office property, with a current office portfolio of 2.3 million square feet in eight markets across the United States.

Fund VII is targeting $350 million for the fund, according to IREI’s FundTracker database. It expects a final close by November 2018.

To date, Brickman has launched six real estate funds representing more than $1.5 billion of invested equity capital, and as of Dec. 31, 2016, has invested, for its own account and for the account of funds under its management, in excess of $4.8 billion of total capital in approximately 103 investments in