DivcoWest raises its largest real estate fund to date
DivcoWest has closed on $2.25 billion in capital commitments for its latest value-add real estate fund, DivcoWest Fund VI. The fund blew through its target of $1.5 billion less than a year after hitting the market, making it DivcoWest’s largest fund raised to date.
DivcoWest Fund VI will primarily pursue the acquisition of existing value-add life science, R&D and office properties in U.S. innovation markets, according to DivcoWest.The fund will seek to invest additional capital to create workplace environments that appeal to future tenant demand.
“Like our tenants, we constantly have to innovate,” said Stuart Shiff, CEO and founder of DivcoWest. “Through the current volatility, and leveraging on our team’s experience, we believe we have an opportunity in Fund VI to capitalize on dislocations and explore and transform the markets where we do business.”
DivcoWest seeks to invest in high-quality commercial real estate assets in gateway U.S. markets,