TA Realty Closes Oversubscribed $1.8 Billion Value-Add Fund

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TA Realty LLC, a provider of real estate investment management services to U.S. and non-U.S. institutional investors, today announced the final close of TA Realty Value-Add Fund XIII (“Fund XIII”), which was oversubscribed with total equity commitments of approximately $1.8 billion.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Thursday, October 19, 2023
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Tags: 
Commercial Building & Real Estate, Construction & Property, Other Retail, Finance, Banking, REIT, Professional Services, Other Construction & Property, Retail, Residential Building & Real Estate, Trust, Insurance, Investment, TA, Financial services
Geotags: 
UNITED STATES, NORTH AMERICA, MASSACHUSETTS
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Organisation: 
TA REALTY, TA REALTY LLC
Summary
Key Points: 
  • TA Realty LLC, a provider of real estate investment management services to U.S. and non-U.S. institutional investors, today announced the final close of TA Realty Value-Add Fund XIII (“Fund XIII”), which was oversubscribed with total equity commitments of approximately $1.8 billion.
  • Fund XIII is the latest in TA Realty’s flagship series of value-add funds focused on acquiring industrial and multifamily assets as well as grocery-anchored shopping centers in major U.S. markets.
  • We look forward to prudently deploying this capital into value-add investments that have the potential to deliver attractive risk-adjusted returns.”
    Since 1987, TA Realty has raised more than $12 billion of equity for its flagship value-add fund series.
  • Fund XIII had significant participation from existing investors and attracted a number of new investors to the TA Realty platform, reflecting the strong global demand for the firm’s value-add investment strategy.


TA Realty LLC, a provider of real estate investment management services to U.S. and non-U.S. institutional investors, today announced the final close of TA Realty Value-Add Fund XIII (“Fund XIII”), which was oversubscribed with total equity commitments of approximately $1.8 billion.

Fund XIII is the latest in TA Realty’s flagship series of value-add funds focused on acquiring industrial and multifamily assets as well as grocery-anchored shopping centers in major U.S. markets. Fund XIII received capital commitments from a diverse group of global institutional investors including pension plans, sovereign wealth funds, endowments and foundations, insurance companies and family offices.

“We believe the success of this fundraise is a direct reflection of the trust and confidence our existing and new investment partners have in us to execute our investment strategy,” said Jim Raisides, Managing Partner at TA Realty. “Over time, we have demonstrated that our experience, patience and discipline make us capable of effectively navigating varying market environments with precision. We look forward to prudently deploying this capital into value-add investments that have the potential to deliver attractive risk-adjusted returns.”

Since 1987, TA Realty has raised more than $12 billion of equity for its flagship value-add fund series. Fund XIII had significant participation from existing investors and attracted a number of new investors to the TA Realty platform, reflecting the strong global demand for the firm’s value-add investment strategy.

About TA Realty

Founded in 1982, TA Realty is an experienced and established real estate investment management firm. The Firm is headquartered in Boston, Massachusetts, with additional offices in Newport Beach, California, Dallas, Texas and San Francisco, California. Since its inception, through June 30, 2023, TA Realty has acquired, invested and/or managed approximately $40 billion of real estate assets through core, core plus and value-add strategies and customized separate/advisory accounts. TA Realty’s investment philosophy focuses on creating diversified real estate portfolios that aim to generate strong cash flow, receive intensive asset management, and seek to achieve long-term value creation. For four decades, TA Realty has maintained this philosophy through multiple real estate and economic cycles, a strength recognized by pension funds, endowments, foundations, and high-net-worth individuals. For more information, please visit www.tarealty.com.

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