Publications

Fundraising - JANUARY 31, 2013

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Northwood raises more than $500 million in third close

by Andrea Waitrovich

New York City–based Northwood Investors has raised approximately $551.7 million for its opportunistic real estate fund, Northwood Real Estate Partners, in a third close according to a filing with the Securities and Exchange Common. The firm has raised a total of $2.8 billion in capital since launching the vehicle in 2007.

Northwood has invested or committed to invest approximately $1.8 billion of equity across 23 investments in the United States and Europe. The fund will continue to seek strong risk-adjusted returns by aggressively pursuing opportunities into a still recovering and de-leveraging real estate market. Recently the Employees Retirement System of Texas committed $50 million and the New Jersey Division of Investment of $150 million into the fund.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?