CBRE Investment Management closes $2.1bn Apac value-add real estate fund

CBRE Investment Management has closed its seventh Asia Pacific value-add real estate fund and significantly exceeded its initial target.

On March 17, CBRE Investment Management announced the final close of its Asia Pacific (Apac) value-add real estate fund, Asia Value Partners 7 (AVP 7). The fund closed with equity commitments of $1.865 billion, which exceeded its initial fundraising target of $1.5 billion.

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