X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the debt and equity markets, click here.)

NEW YORK CITY-Fund advisor Rreef has closed its Real Estate Opportunities Fund II at $1.6 billion. The capital is coming from US, European and Asian investors, including high net-worth individuals, pension plans and family players, according to a statement.

The fund covers the world and, appropriately, the investment targets seem as expansive. The fund pursues large portfolio acquisitions from governments and corporates as well as retail, residential and hospitality plays.

Operating-company purchases are also a part of the strategy of the fund, which had it’s first closing nearly a year ago. “While the investment markets remain challenging, we continue to see excellent opportunities generated by our global platform,” comments David Brush, who heads opportunity funds for the advisor.

Included in the fund’s activities to date are the acquisition of French department store Printemps and joint ventures in residential developments in Bulgaria, Romania, the Czech Republic and Russia. Closer to home, Fund II has plans for joint-venture residential developments in Seattle and New York City.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.