Penwood Real Estate Investment Management, a Connecticut-based limited liability company and registered investment adviser with the SEC, has raised $381.5 million for its Penwood Select Industrial Fund VI.
The vehicle was backed by five investors, according to a recent SEC filing.
The value-add, closed-end Penwood Select Industrial Fund VI will invest in industrial properties across the United States.
Penwood closed its fifth industrial fund, Penwood Select Industrial Partners V, in December 2017 with $325 million from major institutional investors, according to a statement from the company. The fund focused its investment activity in the major global gateway markets of Southern California and the region supporting the Port of New York and New Jersey.