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.
- ◦Financing
