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Cabot Properties Closes its Largest Fund Ever at $1.7 Billion

BOSTON– Cabot Properties, an investor, developer and operator of logistics properties all through america, Europe and Asia Pacific, introduced the ultimate closing of Worth Fund VII on $1.57 billion of fairness commitments, above its preliminary goal of $1.5 billion.

Fund VII represents Cabot’s largest fund thus far, demonstrating the expansion of Cabot’s industrial platform and the demand amongst establishments for entry to the sector, which is supported by traditionally robust fundamentals. Traders within the fund comprise a various combine of world establishments together with endowments, foundations, public and company pensions, asset managers, and household places of work, amongst others.

The fund is targeted on buying, creating and redeveloping high-quality infill industrial belongings concentrated in dynamic supply-constrained markets throughout the highest logistics markets within the U.S., Europe and Asia Pacific.

The fund will goal investments primarily in multi-tenant buildings between 50,000 and 250,000 sq. toes, with the vast majority of capital being deployed within the U.S. Cabot will goal to leverage its practically 40-year observe document, international platform of regional places of work, confirmed sourcing method and working experience to establish funding alternatives and create worth. The automobile, together with leverage, is predicted to capitalize roughly $3.5 billion in investments.

“This previous 12 months has been a difficult time to lift capital.  Usually, the purpose within the cycle when it’s most tough to lift capital may be the perfect time to take a position capital.  Virtually 90% of the commitments got here from our current traders, and we’re very grateful for the robust help we acquired from our longtime companions, a lot of whom have invested with us for greater than 20 years starting with Worth Fund I.  We’re additionally happy to welcome a variety of new traders,” stated Franz Colloredo-Mansfeld, Chairman and CEO of Cabot Properties.

Pat Ryan, President and CIO for the Worth Fund Program added, “We’re excited to leverage our a long time of expertise, cycle-tested technique, and international platform to prudently assemble a diversified portfolio in a market that presents a singular set of alternatives and challenges.”

Cabot has established itself as a preeminent international investor in industrial belongings, having deployed over $15 billion since inception. Fund VII is a part of the agency’s flagship fund sequence, which has raised greater than $5.75 billion of fairness. The fund has closed or dedicated roughly $1.2 billion of capital thus far throughout 30 investments in markets like Chicago, Atlanta, Seattle, Amsterdam and Sydney. In step with Cabot’s technique, the preliminary portfolio consists of contemporary, extremely purposeful logistics amenities positioned in shut proximity to rich client bases and significant transportation infrastructure.

The submit Cabot Properties Closes its Largest Fund Ever at $1.7 Billion appeared first on Boston Real Estate Times.