The O’Donnell Group has begun fundraising for its seventh industrial real estate vehicle, O’Donnell Industrial Fund VII, targeting $10 million from limited partners.
The core-plus fund is looking to invest in three-to-five industrial properties with an acquisition value between $5 million and $20 million.
It is reportedly targeting major industrial markets and select industrial submarkets with high barriers to entry, low vacancy rates, close proximity to the inland and sea ports, lack of available land, a strong population base, and increasing rental rates, according to the O’Donnell Group. The group says it has already identified a promising asset that meets the objectives of the fund.
The group has $166 million assets under management.