Exeter raises $591m for third industrial fund
Exeter Property Group has raised $591.3 million for its Exeter Industrial Value Fund III, according to a filing with the SEC. The value-added fund launched in September 2013 with a $792 million target. A final close date was not disclosed.
The fund will follow its predecessor’s strategy of acquiring, developing, operating and selling industrial and business park assets in the United States, particularly in its primary markets of Atlanta, Chicago, Dallas, Los Angeles, New York City and Philadelphia. In addition, Exeter’s third fund will also invest in select Canadian markets, such as Calgary, Toronto and Vancouver. Transactions will be betw