OCTOBER 7, 2013

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Long Wharf holds final close for fourth fund

by Andrea Waitrovich

Long Wharf Real Estate Partners has held a final close for its Long Wharf Real Estate Partners IV (LWREP IV), raising $253.45 million. The value-added fund launched in June 2011 with a $250 million fundraising goal.

LWREP IV is pursuing distressed opportunities involving most property types, including such niches as student housing and senior housing. The geographic focus is nationwide, with an emphasis on Chicago, Dallas, Los Angeles, New York City and Northern California’s Silicon Valley.

It has committed some of its capital. As of July 2013, the firm committed $54 million to four investments, with one investment in the process of being sold and another two to be marked up. The fund’s pipeline of potential deals includes at least three investments that could take an additional equity allocation of $24 million. It has $172 million for future investments.

LWREP IV is the successor to thre

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