Fundraising - JULY 17, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Iron Point raises $268m for third real estate fund

by Reg Clodfelter

Iron Point Partners has raised $267.97 million for its third real estate fund, Iron Point Real Estate Partners III, according to a filing with the SEC. The fund is reportedly looking to raise $450 million and have a final close by the end of the year.

The fund’s predecessor, IPREP II, closed in September 2012 after exceeding its $450 million target by raising $750 million. IPREP II was an opportunistic vehicle whose investment targets include distressed loans, the development of data centers in supply-constrained markets and the acquisition of assisted-living facilities and affordable-housing properties in North America, as well as investments in the more traditional property types.

Formed in 2007, Iron Point manages a series of opportunistic real estate private equity

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy