Rockbridge Hospitality Fund VIII, a value-add opportunistic hospitality fund managed by Ohio–based Rockbridge, is nearing its $425 million fundraising target.
According to a filing with the SEC, the fund has secured more than $336 million from 114 investors.
Like its predecessors, Fund VIII is expected to invest in both debt and equity in U.S. hotel properties. The previous fund in the series, Fund VII, raised $417 million in 2018 and invested in 30 properties in 15 states, according to the firm.
For more fund information, click here for IREI.Q.
