Cabot Properties held a final close for its Cabot Industrial Value Fund VII (CIVF VII) in December 2023 after raising $1.57 billion of committed capital, confirmed Seppi Colloredo-Mansfeld, director of investments at Cabot Properties, exceeding its initial target of $1.2 billion.
CIVF VII will build and acquire midsize, multi-tenant industrial warehouses near urban areas that have large, dense populations with high average incomes, low unemployment rates, a steady labor force and good transportation infrastructure.
Investing primarily in North American markets, CIVF VII has the ability to invest up to 30 percent of its capital outside of North America.
CIVF VII’s predecessor fund, CIVF VI, closed in May, 2020 with $1.15 billion of committed capital, also exceeding its initial target of $800 million.
For more information about this fund and others, visit the IREI.Q database.