Goldman Sachs has plans to launch a $500 million real estate investment fund targeting acquisitions in Japan, reported Mingtiandi, citing an earlier Bloomberg report.
According to Mingtiandi, which quoted sources familiar with the fundraising, Goldman Sachs is seeking capital from third-party investors to pursue value-add opportunities in Japanese data centers, rental residential, logistics and hospitality assets.
The vehicle is being raised by Goldman Sachs Asset Management, the firm’s third-party capital management division, and would support the expansion of its Japan real estate strategies.
Goldman Sachs is targeting a first close of the Japan fund by the end of the first quarter, with discussions ongoing with potential investors.
