CBRE actively invests Strategic Partners U.S. Value Fund 6
CBRE’s Strategic Partners U.S. Value Fund 6 has been acquiring properties throughout the United States. In the past two weeks, the fund has completed six acquisitions. The fund closed in December 2012 with $1.1 billion in equity commitments, and it has between $2.5 billion and $3 billion in buying power, depending upon leverage.
Vance Maddocks, president of Strategic Partners U.S. at CBRE, says the acquisitions come after a six-month lull in investments, and that despite the seemingly sudden influx, the fund remains selective about its investments.
In May, the fund invested in five properties across the United States. Most recently, the fund announced the acquisition of Three Ravinia, a 31-story trophy office building in Atlanta. The property is located in the Central Perimeter submarket, and will be upgraded to include amenities and be a part of CBRE’s five-star program. The other completed May