Deutsche launches new industrial fund
Deutsche Asset Management has launched RREEF Core Plus Industrial Fund, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
RREEF Core Plus Industrial Fund is a global open-ended real estate fund that will mainly invest in industrial properties. The fund will follow a core-plus investment strategy. The SEC filing did not disclose a fundraising target.
In previous transactions, Deutsche acquired a 19-property industrial portfolio from International Airport Center in September 2016. The properties are located in seven major distribution markets across the United States, which include Los Angeles, San Francisco, Seattle, Dallas, Chicago, San Diego, and Portland, Ore. Deutsche acquired the portfolio on behalf of an institutional investor through direct negotiation with IAC’s investment adviser — Perlmutter Investment Com