Key Takeaways
- • CBRE Investment Management held a final close for Real Estate Partners 2 (REP2), its real estate secondaries fund, raising $1.62 billion in capital commitments.
- • The close exceeded the original $1.25 billion target, and additional co-investment capital lifts total investment capacity to more than $2.25 billion.
- • REP2 is the latest vehicle in CBRE IM's global real estate secondaries series, which follows a 15-year track record and more than $15.5 billion in transactions executed across the Indirect platform.
- • The fund targets opportunistic returns by acquiring high-quality, income-producing assets at a discount.
Summary
CBRE Investment Management (CBRE IM) has held a final close for Real Estate Partners 2 (REP2), a real estate secondaries fund, according to Institutional Real Estate, Inc. The fund raised $1.62 billion in capital commitments, surpassing its original $1.25 billion target. Additional co-investment capital brings overall investment capacity to more than $2.25 billion.
The close marks a significant milestone for CBRE IM's flagship secondaries series. The firm describes the result as evidence of strong investor demand for specialist real estate secondaries strategies at a pivotal point in the market cycle.
REP2 is the latest fund in CBRE IM's series focused on global real estate secondaries. The series builds on a 15-year track record and more than $15.5 billion of transactions executed across the firm's Indirect platform.
The fund targets opportunistic returns by investing in high-quality, income-producing assets at a discount. CBRE IM plans to use its global scale, proprietary research, and operator relationships to source and deliver value across the portfolio.
The close marks a significant milestone for CBRE IM's flagship secondaries series. The firm describes the result as evidence of strong investor demand for specialist real estate secondaries strategies at a pivotal point in the market cycle.
REP2 is the latest fund in CBRE IM's series focused on global real estate secondaries. The series builds on a 15-year track record and more than $15.5 billion of transactions executed across the firm's Indirect platform.
The fund targets opportunistic returns by investing in high-quality, income-producing assets at a discount. CBRE IM plans to use its global scale, proprietary research, and operator relationships to source and deliver value across the portfolio.
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