MIAMI—What can Adler Kawa Real Estate Advisors (AKREA) do with another $56 million? We'll soon find out as the firm just closed the AKREA Fund II less than a year since its initial launch.

AKREA Fund II's investor base attracted both domestic and international high net worth individuals and family offices. About 50% of the fund's capital originates in South Florida and large contingents coming from Brazil and Texas. The closed-end fund focuses on acquiring and managing multi-tenant, management-intensive office and industrial properties in the southern and eastern US.

“We debuted AKREA with the goal of creating a fund platform focused on allocating discretionary capital through direct investments alongside a strong focus on operations,” says AKREA president and CEO Matthew L. Adler. “Our success raising funds over the past year validates our initial belief that today's investors have an appetite for a yield-oriented, self-operating model that offers strong risk-adjusted returns.”