Intercontinental Real Estate Corp. launches $500M U.S. value fund to focus on core-plus; multifamily, industrial, grocery-anchored, office & medical-office, life science, hospitality and self-storage

It is a newly formed Delaware limited partnership that seeks to generate value-add returns through a diversified portfolio of U.S. real estate and real estate-related assets. The general partner believes that the fund’s investment period may offer strong vintage years for buying assets at attractive prices and expects to target traditional value-add opportunities, distressed opportunities, and opportunities to purchase core-plus assets at discounted pricing. Target investments include multifamily, industrial, grocery-anchored retail, office & medical office, life science, hospitality, self-storage. Target deal sizes are between $25 million – $75 million with expected equity investment of $10 million – $50 million

Intercontinental Real Estate Corp.
Michael Keyes | Senior Director, Acquisitions-Funds

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