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WHI Real Estate Garners $300M for Latest Opportunistic Fund
WHI Real Estate Partners L.P. has closed on its fourth fund, WHI Real Estate Partners IV, with $285 million of capital commitments and an affiliated co-investment partnership with $17 million of capital commitments. The total exceeds the fund’s $250 million target.
The Chicago-based private equity firm expects to invest WHIREP IV across a broad range of office, industrial, residential, hotel, retail and other middle-market properties throughout the U.S., and expects the fund to help drive acquisitions valued at between $750 million and $850 million. The new fund will continue in the opportunistic vein of its predecessors.
WHIREP IV received capital commitments from a diverse group of institutional investors, including university endowments, foundations, corporate pension plans, family offices and others. WHI has already made seven investments through the new fund, and currently owns controlling interests in office, industrial and residential properties totaling about 2.6 million square feet.
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