TA Realty has raised an initial $600m (€517.8m) for a new open-ended industrial fund, according to people familiar with the matter.
IPE Real Assets understands that the capital raised by the TA Realty Logistics Fund will be used to invest in core-plus industrial assets in major US industrial markets.
TA Realty declined a request for comment.
The Logistics Fund is the second open-ended fund that TA Realty has formed over the past three years. The manager’s other fund, the TA Realty Core Property Fund, established in 2018, has a current gross asset value of $3.2bn.
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