Private equity investor and developer Realterm has raised $370 million for a new fund focused on investments in logistics properties like truck terminals, shipment facilities and transit hubs.
The company announced the closing of Realterm Logistics Fund III, its tenth fund, last week noting that the offering hit its hard cap as a consequence of strong investor demand.
"We are grateful for the strong institutional support from our longstanding Realterm partners and are excited to welcome several new investors into the partnership," Ed Brickley, managing director and senior fund manager for the Realterm Logistics Fund series, said in a statement. "Our investment and asset management teams have deep experience operating through cycles, and we are eager to bring our financial and operational expertise to bear during this current market dislocation."
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Dan Packel
Dan Packel is an editor on the Business of Law desk at ALM. He writes a weekly briefing for Law.com, "The Law Firm Disrupted," on change and innovation in the legal marketplace. He is based in Philadelphia. Contact him at [email protected]. On Twitter at @packeld
