Publications

DECEMBER 20, 2013

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

DRA Advisors raises $774 million for value-add fund

by Reg Coldfelter

DRA Advisors has raised $774.3 million for DRA Growth & Income Fund VIII, according to a filing with the SEC. The value-add fund launched in May and is already more than halfway to its $1.35 billion fundraising goal.

The capital raised will be used to invest in office, retail, multifamily and industrial properties across the United States and to increase property income through operational improvements.

Institutional investors in the fund include the Pennsylvania Public School Employees’ Retirement System, the North Carolina Retirement System and the

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.