Fundraising - NOVEMBER 12, 2014

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SoCal firm exceeds $750m target for fund

by Andrea Waitrovich

LBA Realty exceeded its $750 million target for its LBA Realty Fund V, raising $776 million in equity commitments.

LBA Realty Fund V launched in 2013. The firm declined to comment on its fundraising efforts.

The firm has started to invest Fund V’s capital. The fund will acquire office and industrial properties located primarily in western U.S. markets. The fund will target varying risk profiles, including value-add opportunities, select build-to-suits and notes secured by real estate. It will also invest in renovations and expansions.

Fund V follows a strategy similar to LBA Realty Fund IV, which closed in 2009 with $750 million and pursued a core-plus/value-added strategy. Fund IV is fully invested. 

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