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Sign in Sign up for a FREE subscriptionMenlo Equities closes latest value-add real estate fund above target
Menlo Equities has completed the final closing of its latest value-add investment fund, Menlo Realty Partners VI (MRP VI), with $211 million of equity capital commitments from a broad range of limited partners that included family offices, wealth-management firms, registered investment advisors, and high-net-worth individuals.
The fund was oversubscribed, exceeding the initial fundraising target of $175 million.
MRP VI is the largest value-add fund sponsored by Menlo Equities to date and has about $1 billion of acquisition capacity, including co-investment capital and leverage. The fund focuses on institutional-quality commercial real estate located in the most robust innovation-driven markets of the United States.
MRP VI primarily will target office, R&D, data center, lab and industrial properties, with a focus on creating value through numerous avenues.
“We believe that the current economic environment will provide compelling acquisition opportuni
