Miller Global has final close for seventh fund
Miller Global Properties has held a $230 million final close for its Miller Global Fund VII. The value-added fund launched in June 2012 and targets multiple property types across the United States. Lauren Xavier, vice president of human resources and administration with Miller Global, has confirmed the closure. “What sets us apart is we do both hotel and office in our funds as well as development and acquisition,” Xavier says. “Many of our deals are directly sourced.” Founded in 1996, Miller Global is a real estate investment company that specializes in acquisition and development and has sponsored and managed six other domestic value-added real estate funds. The firm currently has $1.87 billion of real estate assets under management.