Elion Partners has launched Elion Real Estate Fund V, according to an SEC filing.
It has a $500 million equity fundraising target and has raised more than $106 million.
Like its predecessor, Elion Real Estate Fund IV, Fund V uses a value-added strategy to invest in properties throughout the United States.
Recently, Elion Partners acquired a 197,600-square-foot last-mile industrial distribution asset located at 1200, 1210 & 1220 SW 35th Ave. in Boynton Beach, Fla., for $26 million. And in June 2019, the firm announced plans to spend approximately $2 billion to expand the former RidgePort Logistics Center in Wilmington, Ill.
