Meritex this week closed the commitment period for its Meritex Industrial Fund IV, having achieved its target of $100 million in investments.
Tom Hotovec, president, Meritex, said his company has committed 20 percent of the equity in the fund, which is targeting approximately $250 million in industrial investment properties within 10 U.S. target markets.
The fund to date has acquired approximately $92 million in industrial properties in four target markets – Phoenix, Minneapolis, Atlanta, and Kansas City.
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