Rxr Realty Eyes $1B Vehicle To Bet On Tumbled Real Estate Valuations | National Real Estate Investor
The firm is discussing RXR Real Estate Market Dislocation & Mega-Trends Fund with potential investors. : (Bloomberg)—RXR Realty is seeking $1 billion for a vehicle dedicated to making bets on real estate with the expectation that valuations may tumble as a result of the Covid-19 pandemic, according to a person with knowledge of the matter. The firm is discussing the RXR Real Estate Market Dislocation & Mega-Trends Fund with potential investors, said the person, who requested anonymity because the talks aren’t public. RXR plans to find “pockets of distress” such as non-performing debt and opportunities for rescue financing.