CBRE GI Closes US Fund at $1.3B

The fund’s strategy focuses on “creating and maximizing the value of under-leased and under-managed assets,” says Perry.

LOS ANGELES—CBRE Global Investors has closed its latest US value-added fund at $1.34 billion. CBRE Strategic Partners U.S. Value 8 LP is expected to have total purchasing power of $3.3 billion, including leverage, a level comparable with its predecessor which closed in July 2015.

“Our team is focused on executing a cycle-aware investment strategy with an emphasis on creating and maximizing the value of under-leased and under-managed assets through our operational expertise,” says Robert Perry, the fund’s portfolio manager. “We have already made significant progress in this strategy.”