Boston & New England CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Cabot Properties Closes $1.57B Fund
Boston-based Cabot Properties has closed its Value Fund VII with $1.57 billion in equity commitments, surpassing its initial target of $1.5 billion. This marks Cabot’s largest fund to date.
The fund will focus on acquiring, developing, and redeveloping high-quality infill industrial assets in supply-constrained markets across the U.S., Europe, and Asia Pacific. The fund, including leverage, is expected to capitalize approximately $3.5 billion in investments.
“This past year has been a challenging time to raise capital. Generally, the point in the cycle when it is most difficult to raise capital can be the best time to invest capital. Almost 90% of the commitments came from our existing investors, and we are very grateful for the strong support we received from our longtime partners, many of whom have invested with us for more than 20 years beginning with Value Fund I,” said Franz Colloredo-Mansfeld, chairman and CEO of Cabot Properties.
- ◦Financing
