TA Realty, the real estate investment manager, has held a final close for Value-Add Fund XIII with $1.77 billion of committed capital, according to data from IREI.Q, Institutional Real Estate, Inc.’s proprietary market intelligence research tool.
The fund will focus on acquiring industrial, office and multifamily assets, as well as grocery-anchored shopping centers in major U.S. markets.
The fund’s predecessor, Realty Associates Fund XII, closed in March 2020 with approximately $1.2 billion of commitments.
