Boston-based real estate investment, development and management firm The Davis Cos. has announced the closing of its latest value-add real estate fund, Davis Investment Ventures Fund IV, LP. The fund secured total equity commitments of $777.5 million.
Commitments were made by a group of limited partners, including public pension plans, insurance companies, endowments, foundations, family offices and high net worth investors. Park Madison Partners acted as the exclusive institutional Placement Agent on behalf of DIV IV.
The Fund has made seven investments to date, with equity commitments totaling approximately $165 million. The portfolio currently consists of a 17-acre distribution development in Everett, MASS, apartment development sites in two of Boston’s rapidly emerging neighborhoods, a self-storage development in Manhattan’s Chelsea neighborhood, a multifamily development in the Lake Norman neighborhood of Charlotte and a student housing development in Athens, GA.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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