TA Realty holds $1.2b final close for Realty Associates Fund XII

Boston-based TA Realty has closed its Realty Associates Fund XII with $1.2 billion in equity commitments.

Fund XII is the latest in TA Realty’s flagship series of value-add funds targeting industrial, office and multifamily assets as well as grocery-anchored shopping centers in major markets throughout the United States.

The fund’s limited partners included a diverse group of global institutional investors, including pension plans, sovereign wealth funds, endowments and foundations, insurance companies, and family offices. TA Realty said Fund XII had significant participation from existing investors and also attracted a number of new investors to the TA Realty platform.

“Our deep experience investing the assets of the value-add funds across cycles continues to set us apart and provides us with a sustainable competitive advant