UPDATED: Wolff Co. fund raises $650m
The Wolff Co. has raised $650 million in equity commitments for Wolff Real Estate Partners III, according to a spokesperson for the firm. The firm plans to hold a final close on January 30, 2016. The value-added fund, which launched in July of this year, held an initial close of $625 million in October. The fund invests in the U.S. multifamily and senior housing sectors and has begun investing in development sites in the western United States. Wolff Real Estate Partners II closed in 2013 with $500 million in equity commitments, and Wolff Real Estate Partners closed in 2011 with $294 million.