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Real Estate

Exeter's US Industrial Fund Over-subscribed At $1.15bn

by realestate.ipe.com posted 1year ago 250 views
<p>The US-focused Exeter Industrial&nbsp;Value Fund IV is oversubscribed, according to a board meeting document from&nbsp;Texas Permanent&nbsp;School Fund, which is investing in $75m the fund.</p> <p>A second recent commitment of $100m has been&nbsp;approved by the New York State Teachers Retirement System (NYSTRS).</p> <p>Around 50% of the capital will be invested in &lsquo;big box&rsquo; logistics warehouses, with another 40% in &lsquo;last mile&rsquo; assets and the rest in light manufacturing properties.</p>