Lone Star Raises US$6.6bn Commercial Property Fund


News: US-based Lone Star Funds has successfully raised its US$6.6bn commercial real estate debt and equity fund, reports SF Gate. The company has limited the second and last phase of fundraising to US$600mn for the pool, the Lone Star Real Estate Fund III. A spokesperson at Lone Star said that due to the huge demand, the company could only accept 33% of the amount pledged by each investor in the final round.

This article is tagged to:
Sector: Real Estate
Geography: United States