(PRWEB) April 13, 2015
Singerman Real Estate, LLC (“SRE”), a Chicago-based opportunistic real estate investment firm, announced today the closing of SRE Opportunity Fund II, L.P. (“Fund II”) with capital commitments totaling $275 million.
SRE exceeded its commitment target and reached the fund cap in less than five months from its first closing. Fund II is capitalized primarily by institutions; including endowments, foundations, public pensions, large family offices and money management firms. Collectively, Fund II’s investors have significant co-investment interest and capabilities, substantially increasing overall potential investment capacity.
With regard to the successful fundraise, Seth Singerman, Managing Principal of SRE, commented: "When we set out to raise Fund II, our goal was to grow organically with our existing institutional investor base. We are thankful for their continued support and appreciate that they increased their commitment size by over 50%. In addition, we were able to develop new investor relationships that will strengthen the foundation of our investment platform for thoughtful and measured growth going forward.”
“We continue to build a team with diverse and complementary skill sets. My partners and I are excited to commit our focus to continue finding and executing attractive risk-adjusted investment opportunities across economic cycles.”
About Singerman Real Estate:
Singerman Real Estate, LLC is a Chicago-based opportunistic real estate investment firm that has deep experience executing complex transactions and unlocking embedded value through the ownership of properties, real estate loans and operating companies. The investment focus is on maximizing risk-adjusted returns through investments in both debt and equity across all major assets classes including office, retail, hotel, industrial, and multifamily, in addition to secondary real estate asset classes including student housing and senior housing. Since its formation in 2010, SRE sourced and executed, with partners, over $900 million of investments across all major property types.