Realterm, global real estate operator with significant exposure in logistics related assets, has announced final closure of Realterm Logistics Fund III (RLF III) at its hard cap of $370 million. The company in an official statement has conveyed that the offering was oversubscribed on the back of strong investor demand. RLF III is the tenth fund raised across the Realterm platform.
Ed Brickley, Managing Director and Senior Fund Manager for the Realterm Logistics Fund series, commented, ” Our investment and asset management teams have deep experience operating through cycles, and we are eager to bring our financial and operational expertise to bear during this current market dislocation.”
As with its predecessor funds, RLF III is a closed-end, value-added fund, which invests into HFT logistics real estate throughout the U.S. Strategically located in and around major population centers, primary distribution hubs and along major freight corridors, HFT properties facilitate the movement, not the storage, of freight through the nation’s supply chains. HFT property types include cross-dock truck terminals, transload and related trans-shipment, air cargo, parcel sortation, and final mile delivery facilities, among others.