Realterm locks in $610m for latest logistics fund
Realterm has closed on $610 million in limited partner commitments for its Realterm Logistics Fund IV (RLF IV), the fourth fund in the firm’s U.S. closed-end, value-added Realterm Logistics Fund Series.
In line with others in the fund series, RLF IV invests in high flow through logistics real estate throughout the United States. Fundraising for RLF IV commenced in the fourth quarter 2021, with a second closing held in early May. With the fund’s investment period about to commence, its controlled investment pipeline already sits at more than $300 million in gross investment value.
“Institutional appetite for HFT logistics real estate remains strong, and we expect RLF IV to be oversubscribed and raised to its hard cap,” said Pete Lesburg, managing director, capital markets for Realterm. “We have seen strong institutional support from existing Realterm partners across our family of funds and [have] been fortunate to welcome in several new investors into this fun