Fundraising - NOVEMBER 28, 2017

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CBRE holds $1.34b final close for U.S. value-added fund

by Jody Barhanovich

CBRE Global Investors has held a final closing for its CBRE Strategic Partners U.S. Value 8 fund, with equity commitments of $1.34 billion from 25 institutional investors in the United States, Europe, the Middle East and Asia.

Strategic Partners U.S. Value 8 is expected to have total purchasing power of $3.3 billion, including leverage. The fund has invested or committed 59 percent of this amount, or $2 billion, in 17 high-quality office, multifamily, mixed-use and logistics assets. It typically invests its capital in the top dozen U.S. metropolitan markets where it can generate income by implementing its proprietary operating programs and tenant service standards. The Strategic Partners U.S. program has raised $9.1 billion in equity in 11 funds and three co-investment vehicles in the past 17 years.

The fund is a continuation and evolution of CBRE Global Investors’ enhanced-return strategy in the U.S. The investment team is seeking to execute a relatively low-risk va

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