Transwestern holds $160m close for real estate fund
Transwestern Investment Group has held a $160 million close for its TSP Value and Income Fund I. The closed-end, value-added investment vehicle invests in U.S. industrial, mixed-use and suburban office property.
The fund has acquired more than 3.6 million square feet of industrial assets — in Austin; Chicago; Columbus, Ohio; Indianapolis; and Louisville, Ky. — as well as more than 900,000 square feet of office assets in Atlanta, San Jose, and Scottsdale, Ariz.
TIG plans to launch TSP Value and Income Fund II in early 2017.