Brickman raises $50m for new value-added fund
Brickman, a New York–based real estate investor and operator, has raised $50 million for Brickman Fund VII, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
The firm recently launched its newest closed-ended investment vehicle. The 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 seeking to raise $350 million, according to IREI’s FundTracker database. Brickman expects a final close by November 2018.
To date, Brickman has launched six real estate funds representing more than $1.5 billion o