Dermody Properties, a private equity real estate investment, development and operating company focused exclusively on the logistics property sector, has announced the closing of its second commingled fund, the Dermody Properties Industrial Fund II (DPIF II) on Aug. 31, 2018.
DPIF II raised $619.3 million, exceeding its target fundraising goal of $600 million. Investors in DPIF II include public and corporate pension funds, insurance companies, and other institutional investors.
“Significantly, 100 percent of our first fund investors have committed to DPIF II,” said Michael C. Dermody, chairman and CEO of Dermody Properties. “Our focused strategy of investing in modern logistics facilities led to the creation of a best in class, nationally diversified portfolio in DPIF I. We look forward to continuing that same successful strategy on behalf of our investors in DPIF II.”
DPIF II will continue Dermody Properties’ long-established strategy of acquiring,
