Alabama-based Harbert Management Corp. has raised nearly $150 million for its seventh United States–based real estate fund, a Form D filed with the SEC on Aug. 7 shows.
Launched in late July, the value-add fund is seeking to raise $800 million to invest in CBD office, industrial, multifamily and retail assets across the United States.
It has already been backed by 33 investors.
The previous fund in the series, Harbert United States Real Estate Fund VI, raised $428 million against a target of $500 million. It followed the same investment strategy as the new fund and held a final close in 2017.
With approximately $1.4 billion in assets under management, Harbert owns, develops and manages multifamily, office, industrial, retail and hotel properties throughout the southeastern and southwestern United States.
The firm targets real estate invest
