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Fundraising - APRIL 18, 2019

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Transwestern holds $200m final close for second real estate fund

by Jody Barhanovich

Transwestern Investment Group (TIG) has held a $200 million final close for TSP Value and Income Fund II, a real estate investment fund that will follow the initial strategy of reducing volatility in the value-add space by focusing on current income, while providing value creation.

At its final close, 40 percent of Fund II equity was already committed to seed assets. Fund II is targeting a 12.5 percent or higher net IRR to investors, with a substantial amount of the return coming from current income.

Fund II will continue a disciplined focus on generating meaningful current income while simultaneously targeting undervalued properties that will benefit from value-add activity. “Our fund strategy targets property types with limited capital expenditure profiles that can deliver significant cash flow during the value-add process,” said TIG executive managing director Scott Fitzgerald. “We are well-positioned to capitalize on the value-add opportunities we’ve identi

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