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Sign in Sign up for a FREE subscriptionTA Realty looks to raise $1.25b for Realty Associates Fund XII
TA Realty has launched Realty Associates Fund XII, according to an SEC Form D, filed on June 13.
The open-end equity fund has raised $628.4 million to date, and is targeting total equity commitments of $1.25 billion. The fund has 17 investors.
The previous limited partnership vehicle in the series, TA Associates Realty Fund XI, opened in 2015 and raised $950 million. It invests 40 percent in industrial, 40 percent in offices, 15 percent in apartments, and 5 percent in retail assets.
As of Dec. 31, 2018, TA Realty’s portfolio had a gross asset value of $3.1 billion. The firm invests in both value-add closed-end funds and core, open-end funds.
