Ram holds $132m final close for real estate fund
Ram Realty Advisors has held a $132 million final close for its fourth real estate fund, Ram Realty Partners IV, according to IREI’s FundTracker database. The fund officially closed on March 31.
Ram Realty Partners IV will begin to invest in community and neighborhood shopping centers, retail, and multifamily properties with value-added investment potential. The fund will invest in properties throughout the southeastern United States, primarily in and around Miami; Tampa; Orlando; Atlanta; Charlotte, N.C.; and Raleigh, N.C. The fund may also buy defaulted debt, presumably with an eye toward assuming control of the underlying properties, and form joint ventures.
During its fundraising, Ram Realty Partners IV received a $40 million equity commitment from the $11.7 billion New Mexico Educational Retirement Board in 2015.
Ram Realty Partners IV is the f