Crown Realty Partners is preparing to close its fifth value-add fund later in first quarter 2022, IREI has learned.
The approximate fundraise for Crown Realty Partners 5th Value Add Fund is C$260 million ($208 million). The fund is backed by institutional and family office investors, and includes co-investments from Crown’s partners and key employees.
The fund is focused on value-add commercial acquisitions across Canada, in line with Crown’s four funds in the series. Fund V will focus on identifying undervalued real estate assets and optimizing physical attributes and operation to maximize the potential of each asset. IREI understands ESG-focused initiatives are an essential part of this value-creation strategy.
For more fund information, click here for IREI.Q.