Fundraising - APRIL 10, 2013

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Townsend raises $169 million for high-return fund

by Andrea Waitrovich

The Townsend Group has raised approximately $169.1 million for its Townsend Real Estate Alpha Fund I, according to a filing with the Securities and Exchange Commission. The opportunistic and value-added fund launched in August 2012 with a $250 million fundraising goal. It is expected to hold a final close by mid-2013.

Townsend Real Estate Alpha Fund I is part of a global, opportunistic real estate fund series. The fund of funds will look to make 15 to 20 investments in noncore real estate through primary funds at preferred terms, recapitalization and secondary transactions, proprietary club deals, co-investments, and joint ventures. It will invest in apartment, hotels, industrial, office and retail in North America, South America, Europe and Asia. Approximately 40 percent of its raised ca

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy