The Townsend Group has raised $1.5 billion from established U.S., Asian and European investors for its Townsend Real Estate Alpha (TREA) global value-add real estate strategy.
The TREA strategy targets joint ventures, co-investments, secondaries and recapitalizations across global developed markets, and it seeks to provide clients with diversification by geography, property type and investment structure.
“We appreciate the support of our historical investors and welcome many new investors in this endeavor,” said Terry Ahern, chief executive officer of The Townsend Group. “The TREA program continues to provide investors with differentiated exposure to global real estate opportunities and seeks to generate returns that are compelling on both an absolute and risk-adjusted basis.”
Townsend opened the TREA strategy for the first time to European investors and saw increased interest from investors in both the United States and Asia.
The TREA strategy la
