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Chicago & Midwest  + Downtown  + Industrial  | 
Cresset Real Estate Partners is developing the Whiteland 65 logistics project in partnership with Hines

Cresset Closes Funds for Logistics, QOZ; Immediately Launches Follow-Ups 

Cresset Partners said Wednesday it had closed its first industrial-focused fund, the Cresset Real Estate Logistics Fund I at more than $250 million, which will finance the development of nine state-of-the-art warehouse facilities. To meet ongoing demand for warehouse space, Chicago-based Cresset has launched its second industrial fund. 

In addition, Cresset has closed its second opportunity zone fund, the $655-million Cresset-Diversified Qualified Opportunity Zone Fund II, alongside the launch of its third fund in the QOZ space. 

“The successful closings of our logistics and opportunity zone funds, and the immediate launch of both follow-on funds, speaks to the diversified and exciting opportunities we see for core development in both sectors,” said Michael L. Miller, co-founder and executive managing director at Cresset Real Estate Partners. “Both strategies address the strong demand for investments in alternative asset classes that will help grow and protect our investors’ portfolios.” 


Inside The Story

Cresset Real Estate Partners

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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