TA Realty Announces Final Close of its $1.2 Billion Realty Associates Fund XII
BOSTON (March 19, 2020) – TA Realty LLC, a leading real estate investment firm, today announced the final close of Realty Associates Fund XII (“Fund XII”), which has total equity commitments of approximately $1.2 billion.
Fund XII is the latest in TA Realty’s flagship series of value-add funds focused on acquiring industrial, office and multifamily assets as well as grocery-anchored shopping centers in major U.S. markets. Fund XII 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 are pleased to complete this very successful fundraise and are thankful for the strong support we received from our limited partners,” said James Raisides, Partner at TA Realty. “Our deep experience investing the assets of the value-add funds across cycles continues to set us apart and provides us with a sustainable competitive advantage. Moreover, our proven industrial experience and expertise for the value-add strategy aligns well with the current real estate cycle, and we look forward to continuing to deploy our limited partners’ capital into prudent investments.”
Since 1987, TA Realty has raised more than $10.5 billion of equity for its flagship value-add funds. Fund XII 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
TA Realty is among the largest and most experienced providers of real estate investment management services to U.S. and non-U.S. institutional investors. Since its inception in 1982, TA Realty has managed more than $30 billion of real estate assets through value-add and core 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 more than three 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.