Los Angeles-based CBRE Global Investors has closed a fund that will have serious buying power around the globe. CBRE Strategic Partners U.S. Value 7 closed with a value of about $1.3 billion with the participation of 26 institutional investors in the United States, Europe, the Middle East and Asia.

The fund has the buying power of about $3.3 billion and will invest in high-end offices, multifamily and hotels. Already $2.5 billion has been invested in such assets.

Strategic Partners has raised $7.2 billion through 10 funds in the last 15 years. Investments are made in properties throughout the United States.