CBRE Global Investors has achieved a final close on its CBRE Strategic US Value 7 fund with total commitments of more than $1.3bn (£832m).
The seventh fund in this series will invest in offices, hotels and residential assets across the US using a value-add strategy.
The fund had 26 institutional backers from across the US, Europe, the Middle East and Asia.
Vance Maddocks, president of strategic partners US, said: “We have a cycle-tested investment team that has already made substantial progress toward executing a disciplined and selective investment plan where we expect to be able to enhance value through our strong operations.”
