September 13, 2018 Comments Off on Carlyle Raises $5.5B for Eighth U.S. Real Estate Fund, Largest Yet Views: 2996 National News, Top National

Carlyle Raises $5.5B for Eighth U.S. Real Estate Fund, Largest Yet

The Carlyle Group closed its eighth U.S. real estate fund, Carlyle Realty Partners VIII. The Washington, DC-based global alternative asset manager raised $5.5 billion, exceeding its target of $5 billion, as well as hitting its hard cap.

This is the latest and largest in Carlyle’s U.S. real estate fund series, which will focus on opportunistic residential and commercial real estate investments in targeted sectors across the U.S.

Carlyle U.S. Realty’s Robert Stuckey says, “Raising Carlyle’s eighth and largest U.S. real estate fund is a testament to the market opportunity, our proven team and record of success. We appreciate the support of our returning and new investors, and will work hard to create value for them.”

Carlyle’s seven prior U.S. real estate funds have invested in a range of sectors, including multifamily residential, for-sale residential, senior living, student housing, manufactured housing, self-storage, office, hotel, industrial, retail and data centers across the country.

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