Fundraising News
New capital raises and fund launches
Commercial Real Estate News
Cohen & Steers Raises $154 Million in Transferable Rights Offering for Quality Income Realty Fund
Richman Group Closes $535 Million Equity Raise Across Two Affordable Housing Tax Credit Funds
Greystone Closes $137 Million LIHTC Fund II, Surpassing $240 Million in First-Year Multifamily Affordable Housing Equity
Nuveen Closes $58.7M NREX I DST Backed by Minneapolis Light Industrial Portfolio
Curbline Properties Prices $308.5 Million Common Stock Offering
Starwood Capital Group Raises $10.2 Billion Opportunistic Real Estate Fund

Arada Launches Arada Capital Fund Platform With $5 Billion AUM Target
Global master developer Arada has announced the launch of Arada Capital, a new funds management platform based in Abu Dhabi Global Market targeting $5 billion in assets under management within four years. The platform has received In-Principle Approval from the ADGM Financial Services Regulatory Authority and appointed Moustafa Fahour OAM as CEO and Managing Director.

MLG Capital Launches Fund VII With $400M Target Equity Raise for Diversified Private Real Estate
MLG Capital has launched MLG Private Fund VII, targeting $400 million in equity from accredited investors to build a diversified portfolio of institutional-quality real estate. The fund features an 8% preferred return and a European waterfall structure designed to prioritize investor returns before the sponsor participates in profits.

Capital Square Fully Subscribes Richmond Active-Adult DST, Drawing 108 Investors to Short Pump Community
Capital Square has fully subscribed CS1031 Richmond Active Living Apartments, DST, a Delaware statutory trust holding a 165-unit, Class A, age-restricted multifamily community in the Short Pump suburb of Richmond, Virginia. The Regulation D private placement raised equity from 108 investors, with the firm citing strong demographic tailwinds and major corporate investment in the region as key demand drivers.

Thylander Completes TGP VIII With Four Residential Real Estate Acquisitions Across Greater Copenhagen
Danish real estate investment firm Thylander has completed four residential acquisitions for its TGP VIII fund, bringing the vehicle to fully invested status with 318 apartments spanning more than 25,000 square meters across Greater Copenhagen. Three of the four deals were sourced off-market, according to the firm.
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ECE Real Estate Partners Raises €100M for EPIG Shopping Center Fund, Cites Record Occupancy and Renewed Investor Demand
ECE Real Estate Partners has secured approximately €100 million in fresh capital for its EPIG fund, which holds seven European shopping centers valued at more than €2.2 billion. The raise drew new institutional investors from Nordic countries, Switzerland and the Netherlands, as the firm reports portfolio occupancy near 98% and footfall back to pre-pandemic levels.

Madison Capital Group Launches $36.2 Million Qualified Opportunity Zone Fund for Downtown Reno Hotel Redevelopment
Madison Capital Group has launched Madison Reno Hotel QOF, LLC, a $36.2 million qualified opportunity fund targeting the redevelopment of the former Harrah's Resort and Casino property in downtown Reno into a Class A hospitality destination. The fund is open to accredited investors with a minimum commitment of $50,000 and is structured to offer potential tax advantages associated with qualified opportunity zone investing.

Madison Capital Group Launches $200M Car Wash and Convenience Fund on iCapital Marketplace
Madison Capital Group has listed its Car Wash & Convenience Opportunity Fund, LLC on iCapital Marketplace, targeting $200 million in capital commitments for gas station convenience stores and express car wash properties. The Charlotte-based firm says the fund is designed to deliver tax-advantaged returns through 100% bonus depreciation under Section 168(k) of the Internal Revenue Code.

Invel Real Estate Closes Eudora Fund 2 Above Target at Over €400 Million
Invel Real Estate has closed its Invel Eudora Fund 2 at over €400 million in total capital commitments, surpassing its original €300 million target. The oversubscribed fund, focused on opportunistic investments in Italy and Greece, carries more than €1 billion in total firepower including leverage and co-investment capital.

Almanac Realty Investors Commits $320 Million to Asia Capital Real Estate to Fuel Multifamily Debt and Property Deals
Almanac Realty Investors has committed $320 million to Asia Capital Real Estate (ACRE), according to a report by CoStar. The equity raise is intended to support multifamily real estate debt and property deals.

Urban Standard Capital Launches $100M Condo Conversion Fund Targeting New York Market
Urban Standard Capital, a New York-based real estate private equity manager, has launched a $100 million fund to acquire unsold condominium units from conversion sponsors facing pandemic-related sales challenges. The firm plans to rent acquired units in the near term before selling once market conditions improve.

Urban Partners Launches €650 Million Regeneration Fund Targeting European Growth Cities
Urban Partners has launched the Urban Partners Regeneration Fund, a €650 million vehicle aimed at converting brownfield sites into mixed-use neighborhoods across European growth cities. The fund's first close includes strategic partners Copenhagen Infrastructure Partners and Viessmann Generations Group, with anchor institutional commitments from PensionDanmark and SamPension.