Kayne Anderson Real Estate Advisors Fund IV raises more than $1 bln

Kayne Anderson Real Estate Advisors said Tuesday it closed its fourth fund at more than $1 billion. Investors of Kayne Anderson Real Estate Partners IV LP included institutional investors, foundations, family offices and high net worth individuals. KAREP IV will target niche sectors in the real estate market including medical office buildings, senior housing and off-campus student housing. Kayne Anderson Real Estate Advisors is the real estate private equity arm of Kayne Anderson Capital Advisors LP.

PRESS RELEASE

BOCA RATON, Fla., May 5, 2015 /PRNewswire/ — Kayne Anderson Real Estate Advisors (“KAREA”), the real estate private equity arm of Kayne Anderson Capital Advisors, L.P., today announced that it has closed its fourth fund, Kayne Anderson Real Estate Partners IV (KAREP IV), its largest to date, at more than $1.0 billion. KAREP IV, which exceeded its target size within eight months, will be invested in specialized real estate sectors. KAREP IV’s investor base includes institutional investors, foundations, family offices and high net worth individuals.

“We are extremely pleased with the strong support from our new and existing partners, which allowed us to quickly reach our fundraising target,” said Al Rabil, Managing Partner and CEO of Kayne Anderson Real Estate Advisors. “Our team continues to see exciting opportunities to invest in niche sectors of the real estate market where we have a unique expertise and our deal pipeline remains robust. We are confident that our differentiated investment approach will allow us to continue to generate best in class returns for our investors.”

KAREP IV will focus on opportunities in niche sectors of the real estate market including medical office buildings, senior housing and off-campus student housing.

KAREA’s current portfolio includes more than 2.5 million square feet of medical office space and approximately 3,500 senior housing beds and 20,000 student housing beds.

About Kayne Anderson Real Estate Advisors
Kayne Anderson Real Estate Advisors (KAREA) is a leading real estate private equity investor in off-campus student housing, senior housing and medical office buildings. KAREA has raised four dedicated real estate private equity funds totaling more than $2.6 billion in commitments. KAREA is part of Kayne Anderson Capital Advisors, L.P., a $28 billion alternative investment management firm (AUM as of 3/31/15) with 30 years of successful experience in the energy, infrastructure, growth capital, real estate, middle market credit and distressed municipal sectors. For more information, visit http://www.kaynecapital.com/strategies/real-estate-private-equity.