LBA launches fifth real estate fund
Irvine, Calif.–based LBA Realty has launched LBA Realty Fund V, according to a filing with the Securities and Exchange Commission. A fundraising goal and investment strategy for the fund was not disclosed.
LBA Realty IV, a value-added and core-plus vehicle, closed with more than $730 million. LBA Realty IV focuses on office and industrial assets in the western United States with a price range of between $8 million and $200 million.
LBA Realty is a full-service real estate investment and management company with a diverse portfolio of office and industrial properties in major markets throughout the western United States including Arizona, California, Colorado, Nevada, Oregon, Texas, Utah and Washington state.