There's nothing unusual when a private equity player decides to target commercial real estate with a new fund. In this case, the PE firm is also a developer.
Al. Neyer, a 125-year-old commercial real estate development and design-build firm with offices in Cincinnati, Ohio; Pittsburgh, PA; Raleigh, NC and Franklin, TN, just closed its first real estate investment fund.
The company, with $808.8 construction signings since 2018 and 22 projects in 2020 alone, has raised $110 million from 105 investors. It expects to fund $300 million in class A industrial projects. Neyer plans to use debt along with equity, according to a report by the Cincinnati Business Courier.
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