Kayne Anderson Capital Advisors has launched a new core real estate fund called Kayne Anderson Core.
The firm did not comment on its fundraising efforts.
Kayne Anderson plans to invest in medical office, senior housing, self-storage and student housing. According to PERE News, the open-ended vehicle was seeded with a $410 million portfolio of six senior housing assets.
Another alternative-focused core fund in the market is Chicago-based private equity real estate firm Harrison Street Real Estate Capital’s Harrison Street Core Property Fund, which launched in 2011. The fund has raised $3.4 billion so far, according to IREI’s FundTracker database.
Kayne Anderson Capital manages $4 billion in real estate assets.
