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CBRE Global raises $606m for eighth U.S. Value fund

by Andrea Waitrovich

CBRE Global Investors has raised more than $606 million for its eighth fund, CBRE Strategic Partners U.S. Value 8, according to an SEC filing.

A fundraising target was not listed; however, the IREI FundTracker database lists a $1.5 billion fundraising goal and a targeted closing date of June 2017.

The value-added fund launched in February 2016. The fund series targets value-add investments in major and secondary U.S. markets, focusing on class A office, industrial, retail and multifamily properties.

Recently, Illinois Municipal Retirement Fund made a $35 million commitment to CBRE Strategic Partners U.S. Value 8, matching similar investments in 2012 and 2014 to the previous two offerings in the fund series.

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