Dermody Properties has closed its fourth commingled fund, raising $1.043 billion in capital commitments. This latest fund, Dermody Properties Industrial Fund IV (DPIF IV), nearly matches the $1.065 billion raised for its predecessor, DPIF III.
The success of the capital was in large part due to the high level of investor retention and new interest it has attracted. Every existing investor from DPIF III recommitted to the newest round, while two from DPIF II returned, and four new ones joined the fold. This investor base spans public and corporate pension funds, insurance companies, and other institutional investors from the United States, Canada, and Europe.
DPIF IV's primary objectives are acquiring and developing logistics facilities in infill locations across the US, with a focus on value-added single-asset and portfolio investments.
Dermody Properties has a 60-year history of maintaining a national portfolio in major markets with strong fundamentals. The company has invested more than $10 billion across all platforms nationwide and has acquired and developed approximately 110 million square feet of logistics and industrial facilities.
The successful closure of DPIF IV comes at a time when the logistics real estate sector continues to show resilience and growth potential. Factors such as e-commerce expansion, supply chain reconfiguration, and the need for modern, efficient distribution facilities are driving demand for high-quality logistics assets.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
