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Sign in Sign up for a FREE subscriptionDermody Properties seeks $550m for new industrial fund
Dermody Properties, a Reno, Nevada-based firm that develops, acquires and invests in industrial real estate, has launched a new real estate fund with a focus on industrial assets, according to a filing with the SEC .
The new fund, Dermody Properties Industrial Fund II, is a value-added fund that will invest in industrial properties throughout the United States. Dermody Properties is seeking to raise $550 million in total equity commitments for the fund, according to the filing.
The first fund in the fund series, Dermody Properties Industrial Fund, held a $442.4 million final close in 2017, exceeding its $400 million fundraising target.