Rockwood Capital Real Estate Partners Fund XII, a value-add real estate fund managed by Rockwood Capital, has secured more than $416 million toward its $1.4 billion fundraising target, according to a recent filing with the SEC.
Fund XII will invest in real estate and real estate–related assets within the United States. The vehicle will focus primarily on office, multifamily residential, retail and hotel assets. Investments will be structured as equity or debt, including various hybrids such as participating debt and preferred equity.
As a value-add vehicle, Fund XII will employ active asset management to reposition, release and/or develop real estate assets but will not pursue investment opportunities predicated on significant land entitlement.
The Illinois Municipal Retirement Fund and the Teachers' Retirement System of Kentucky are among the fund’s
