Intercontinental Real Estate Corp. launches $500m U.S. value fund

Intercontinental Real Estate Corp. has launched its Intercontinental U.S. Value Fund, L.P. (USVF) with a $500 million target.

It is a newly formed Delaware limited partnership that seeks to generate value-add returns through a diversified portfolio of U.S. real estate and real estate-related assets. The general partner believes that the fund’s investment period may offer strong vintage years for buying assets at attractive prices and expects to target traditional value-add opportunities, distressed opportunities, and opportunities to purchase core-plus assets at discounted pricing. Target investments include multifamily, industrial, grocery-anchored retail, office & medical office, life science, hospitality, self-storage. Target deal sizes are between $25 million – $75 million with expected equity investment of $10 million – $50 million

Intercontinental believes that its investment approach, combined with its industry knowledge and track record, may offer the