Fundraising - JULY 16, 2014

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Invesco raises $100 million for value-add fund IV in first month

by Reg Clodfelter

Invesco Real Estate has raised $100 million for its recently launched Invesco U.S. Value-Add Fund IV in little over a month of fundraising, according to a filing with the SEC.

The fund is looking to surpass its predecessor’s $343 million haul by raising $500 million, which it will reportedly use to garner a 14 percent return by investing across the four main property types in major U.S. metropolitan markets.

Its predecessor, which closed in July 2013, reportedly targeted both class A and class B properties, and invested in office and apartment properties at a minimum value of $20 million, while investing in retail and industrial properties

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