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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.