The Carlyle Group raises $950m for fourth U.S. real estate fund (US)

The Carlyle Group has announced that it has raised $950 million for its fourth U.S. real estate fund, Carlyle Realty Partners IV. Carlyle Realty Partners makes opportunistic investments in the United States in the office, hotel, industrial, retail, for-sale residential and senior living sectors.

Carlyle Realty Facts:

  • Focuses on major markets, with a large proportion of investments in the Washington, DC, New York City, and Southern California markets
  • Invested more than $1.3 billion in the Washington, DC, area since December 2003
  • Total capitalization of investments to date exceeds $8 billion

Select Significant Investments:

  • One Wilshire (30-story, Class B tower in Los Angeles)
  • Metropolitan Tower (18-story, Class A building in Midtown Manhattan)
  • 261 Fifth Avenue (34-story, Class B building in Midtown Manhattan)
  • 1275 K Street (235,000 ft² Class B building in Washington, DC)

  • 8th Avenue Hotels (two properties containing 668 rooms in Midtown Manhattan)
  • Chicago Downtown Marriott (1,192-room hotel in Chicago)

For-Sale Residential
  • The Orion (60-story, 550-unit condominium development in Midtown Manhattan)
  • Clarendon 1021 (420-unit condominium building in Arlington, VA)

  • Parkway Crossing East (120,000 ft² retail development in Woodbridge, VA)
  • Paradise Esplanade (58,000 ft² retail development in Las Vegas)

Senior Living
  • Sunrise of Westlake Village (85-unit senior living development in Westlake Village, CA)
  • Huntington Terrace (191-unit senior living property in Melville, NY)

  • Park Place (Office, retail, residential, hotel and arts complex in Annapolis, MD)

Source: The Carlyle Group

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