CB Richard Ellis has raised $2.1 billion for its fifth real estate private equity fund. The vehicle is expected to have $6.4 billion in purchasing power, including leverage.
CB Richard Ellis Investors announced the closing of CB Richard Ellis Strategic Partners U.S. 5, which consists of two limited partnerships, having raised equity commitments of $2.1 billion from institutional investors in the
With a strategy to purchase, reposition, develop and sell institutional quality real estate in highly rated major metropolitan areas in the
“Strategic Partners U.S. 5 is a continuation of the strategy we implemented in our prior
The Strategic Partners U.S. program is part of a global closed-end real estate private equity fund series which has closed 14 funds/investment programs since 2000 with $7.5 billion in committed equity and more than $22 billion in total purchasing power.
About CB Richard Ellis Investors
CB Richard Ellis Investors is a global real estate investment management firm with approximately $42.2 billion in assets under management as of March 31, 2008. The firm sponsors investment programs across the risk/return spectrum for investors worldwide, and during 2007 made $11.7 billion of acquisitions in North America, Europe and Asia and completed $4.8 billion in dispositions.
CB Richard Ellis Investors is an independently operated affiliate of CB Richard Ellis Group, Inc. (NYSE:CBG), and harnesses the research, investment sourcing and other resources of the world's premier, full-service real estate services company for the benefit of its investors. CB Richard Ellis has over 29,000 employees in more than 300 offices worldwide.