Private equity investor and developer Realterm has raised $370million for a new fund focused on investments in logisticsproperties like truck terminals, shipment facilities and transithubs.
The company announced the closing of Realterm LogisticsFund III, its tenth fund, last week noting that theoffering hit its hard cap as a consequence of strong investordemand.
"We are grateful for the strong institutional support from ourlongstanding Realterm partners and are excited to welcome severalnew investors into the partnership," Ed Brickley, managing director and senior fundmanager for the Realterm Logistics Fund series, said in astatement. "Our investment and asset management teams have deepexperience operating through cycles, and we are eager to bring ourfinancial and operational expertise to bear during this currentmarket dislocation."
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Dan Packel
Dan Packel is an editor on the Business of Law desk at ALM. He writes a weekly briefing for Law.com, "The Law Firm Disrupted," on change and innovation in the legal marketplace. He is based in Philadelphia. Contact him at [email protected]. On Twitter at @packeld
