Fundraising - JUNE 22, 2016

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TA Associates fund raises $613m

by Andrea Waitrovich

TA Associates Realty has raised more than $613 million for its 11th fund, according to a filing with the SEC.

Realty Associates Fund XI has a $1.5 billion equity fundraising target. A final close date has not been announced.

The fund is expected to invest in industrial (40 percent), office (40 percent), apartment (15 percent) and retail (5 percent) assets, renovating the properties and bringing in new tenants. Investments will average $25 million. The investment period is two years from the final closing date.

Fund XI has started to invest its capital. Assets include the 129,220-square-foot office complex Crown Pointe in Kirkland, Wash. At the end of 2015, the fund had several investments in the pipeline, totaling seven properties in Colorado, Massachusetts, New York state, Texas, Virginia and Washington state.

It is the firm’s f

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