HighBrook Investors, a deep value-oriented real estate firm investing in Europe and the United States, has closed its most recent fund, HighBrook Property Fund IV, above target.
The oversubscribed fund closed at $632 million with backing from a variety of endowments, foundations, public pension funds, funds of funds, family offices, consultants and wealth managers.
Like its predecessor vehicle, Fund IV focuses on deep value and special situations, targeting industrial, residential and creative office assets. The fund focuses on select markets in Western Europe, including the Netherlands, Germany and Denmark, and may also selectively acquire properties in the United States that are consistent with HighBrook’s overall sector themes.
HighBrook has already acquired 80 properties on behalf of Fund IV, consisting predominantly of urban infill, last-mile warehouses.
“We believe the European market will continue to offer compelling investment opportunities, e