National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Centerbridge Exceeds Target with $2.3B Real Estate Fund
Private investment firm Centerbridge Partners, L.P. has closed its second real estate fund, Centerbridge Partners Real Estate Fund II (CPREF II), with $2.3 billion in capital commitments, significantly above the original target of $1.5 billion. The fund received strong support from existing and new investors across the globe.
CPREF II will target thematic investment opportunities across self-storage and specialized storage, digital real estate, industrial and logistics, residential and subsectors experiencing positive tailwinds as a result of shifting consumer behaviors, with a focus on leisure and experiential real estate.
“We continue to see real estate markets evolve, as technology accelerates demand for asset classes from logistics to digital real estate and impacts how companies serve customers in residential, storage and leisure sectors,” said William Rahm, head of real estate at New York-based Centerbridge.
The new fund represents an increase of more than 150% over CPREF I, which closed in December 2018.
Pictured: Centerbridge headquarters in Midtown Manhattan.
- ◦Sale/Acquisition
- ◦Financing
