Carlyle RE Fund Hits $4.2B Hard Cap
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“We look forward to continuing to create value in our portfolio,” says US real estate head Robert Stuckey.
WASHINGTON, DC—The Carlyle Group has reached the hard cap on its seventh US real estate fund, Carlyle Realty Partners VII L.P. At $4.2 billion, the fund, which was launched in 2013, is nearly half again as large as its predecessor.
Bloomberg Business reported Wednesday that more than one-third of the $2.3-billion CRP VI was allocated tomultifamily investments, and the new fund is also expected to have a strong emphasis on apartments. The alternative asset manager’s six previous funds acquired a total of 42,000 rental apartment units, as well as more than 20,000 units across the student housing, seniors housing and residential condominium sectors…
