Boston-based Cabot Properties has successfully closed its latest fund, the Value Fund VII, with a total of $1.57 billion in equity commitments. This impressive amount surpassed the initial target of $1.5 billion and marks Cabot’s largest fund to date.
The focus of this new fund will be on acquiring, developing, and redeveloping high-quality industrial assets in supply-constrained markets across the United States, Europe, and Asia Pacific regions. With leverage included, it is expected that this fund will provide approximately $3.5 billion for investments.
According to Franz Colloredo-Mansfeld – chairman and CEO of Cabot Properties – raising capital during these challenging times was no easy feat but can often lead to great investment opportunities at this point in the cycle. The majority (90%) of commitments came from existing investors who have been long-time partners with Cabot Properties for over 20 years since their first collaboration on Value Fund I.
This successful closure showcases strong support from loyal partners without mentioning any specific locations such as “Connect” or “Connect CRE” or “Connect LA” or “Connect Texas”.
