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Lone Star Closes Latest CRE Fund at $2.7B
Private equity firm Lone Star Funds has reached the final close of its latest commercial real estate fund, Lone Star Real Estate Fund VII, L.P. Total capital available to LSREF VII is approximately $2.7 billion.
LSREF VII will target opportunistic and value-add CRE investments including direct commercial real estate equity, debt portfolios, and commercial real estate-related operating companies. Fund VI in the series closed in June 2019 with capital commitments of approximately $4.6 billion.
“With the ongoing complex and changing real estate landscape, LSREF VII anticipates deep-value and special situation investment opportunities across Europe, North America and Japan,” said Donald Quintin, CEO of Dallas-based Lone Star. “Lone Star has been investing in the broader commercial real estate sector for nearly 30 years, and we believe that the current environment is likely to play to our strengths as a disciplined and flexible opportunistic investor. We greatly appreciate the continued support of our longstanding partners who have supported us again during our most recent fundraise.”
- ◦Financing
