The Carlyle Group, a global alternative asset manager said it raised $2.34 billion for its sixth U.S. real estate fund, the Carlyle Realty Partners VI (CRP VI).
The fund will make investments in the residential, hotel, senior living, retail and office sectors in major markets across the United States.
“We are grateful for the confidence and support of our investors. Strong investor demand, which enabled us to exceed our target, is commensurate with the opportunity we see for attractive property investments in select U.S. markets,” said Robert G. Stuckey, Managing Director and head of Carlyle’s U.S. Real Estate team.
CRP VI is already approximately 20 percent deployed, including 30 investments in New York City, Washington, DC, Northern California and Seattle.
The Carlyle Group has been very active in the senior housing industry, it was rumored the company planned to take HCR ManorCare public, which could raise roughly $500 million.
Written by John Yedinak