Northwood Real Estate fund now at $334m with ERS of Texas backing
Northwood Real Estate Partners’ latest fund, which targets value-add US and Europe properties, has so far raised $334m (€298.4m), according to sources that track fundraising.
In a transaction report, the Employees Retirement System of Texas stated that it has approved a $100m commitment into the Northwood Real Estate Partners Series IX.
Fund IX is a value-add or opportunistic fund will be placing capital into Western Europe and North America.
Northwood has a history of buying assets that are located in a mixture of both primary and secondary markets in those regions.
Northwood’s existing portfolio in Europe is located in London, the UK, Paris and Prague.
Fund IX will target assets like hotels, office buildings, retail and multi-family residential properties.
Northwood did not respond to a request for comment.