TA Realty holds final close of its USD1.2bn Realty Associates Fund XII

TA Realty has held the final close of Realty Associates Fund XII, which has total equity commitments of approximately USD1.2 billion.

Fund XII is the latest in TA Realty’s flagship series of value-add funds focused on acquiring industrial, office and multifamily assets as well as grocery-anchored shopping centres in major US markets. Fund XII received capital commitments from a diverse group of global institutional investors including pension plans, sovereign wealth funds, endowments and foundations, insurance companies, and family offices.

“We are pleased to complete this very successful fundraise and are thankful for the strong support we received from our limited partners,” says James Raisides, Partner at TA Realty. “Our deep experience investing the assets of the value-add funds across cycles continues to set us apart and provides us with a sustainable competitive advantage. Moreover, our proven industrial experience and expertise for the value-add strategy aligns well with the current real estate cycle, and we look forward to continuing to deploy our limited partners’ capital into prudent investments.”

Since 1987, TA Realty has raised more than USD10.5 billion of equity for its flagship value-add funds. Fund XII had significant participation from existing investors and attracted a number of new investors to the TA Realty platform, reflecting the strong global demand for the firm’s value-add investment strategy.