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CBRE Investment Management aims to take advantage of inefficiencies in capital markets with its new special situations fund

CBRE IM Closes Special Situations Fund at $599M 

CBRE Investment Management has completed the final close of its CBRE Global Special Situations Fund (GSSF) with equity commitments totaling $599 million for the fund and co-investment vehicles, exceeding the $500-million target. 

The GSSF is a closed-end private real estate fund seeking to invest in situations where liquidity or capital constraints provide an opportunity to acquire high-quality real estate at an attractive basis.  

“The fund’s strategy is designed to take advantage of inefficiencies in capital markets and create unique opportunities for our investors through recapitalizations and GP-led secondaries,” said fund manager Matt Tepper. “We are seeing a significant and growing opportunity within these execution structures that can enhance the opportunity set for investors while providing access to high-quality real estate and attractive risk-adjusted returns.” 

The team has already deployed 70% of the fund’s capital across five investments in European last-mile logistics, U.S. light industrial, U.S. single-family rental and U.S. self-storage. 


Inside The Story

CBRE IM's Tepper

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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