Dermody Properties has closed its fourth commingled fund, Dermody Properties Industrial Fund IV, L.P. (DPIF IV), securing $1.043 billion in capital commitments.
The close follows the $1.065 billion raised for its predecessor, DPIF III. Every existing investor from DPIF III recommitted to DPIF IV, along with two returning investors from DPIF II and four new investors. The investor base for DPIF IV includes a diverse group of prominent public and corporate pension funds, insurance companies and other institutional investors from the United States, Canada and Europe.
“Dermody Properties is dedicated to fostering long-term partnerships by delivering innovative logistics real estate solutions and exceptional customer service," said Douglas A. Kiersey, Jr., CEO and president at Dermody Properties. “By acquiring and developing logistics facilities where our customers need us most, we are poised for continued growth and success.”
DPIF IV will continue to expand De
