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Sign in Sign up for a FREE subscriptionCBRE raises $1.06b for U.S. value-added fund
CBRE Global Investors has raised $1.06 billion for its eight fund, CBRE Strategic Partners U.S. Value 8, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
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.
The fund has received commitments from the Employees’ Retirement System of the State of Hawaii, the Teacher Retirement System of Texas and the
