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Argosy Real Estate Partners IV Holds Final Closing at $286 million

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Argosy Real Estate Partners IV Holds Final Closing at $286 million

PR Newswire

WAYNE, Pa., August 7, 2018 /PRNewswire-iReach/ -- Argosy Real Estate Partners ("AREP") is pleased to announce the recent final closing of Argosy Real Estate Partners IV, L.P. and its parallel funds ("AREP IV"). AREP IV raised $286 million, exceeding its $250 million target size. Investors included insurance companies, foundations, family offices, and high net worth individuals from the United States, Europe and Asia.

Regarding the successful fundraise,David Butler, Managing Partner of Argosy Real Estate Partners, commented: "When we set out to raise AREP IV, our goals were to maintain the previous investor base from our $200 million AREP III fund and to attract a select number of new institutional investors with a modest increase in targeted fund size. We are thankful for our investors' support in achieving these goals associated with a disciplined growth pace."

AREP IV is a closed-end, commingled, fully discretionary real estate opportunity fund targeting multifamily, commercial, lodging, and for-sale residential land investments in the United States.  AREP focuses on investment opportunities in the lower middle market that require between $5 and $20 million of equity capital. AREP IV has made six investments to-date committing approximately $60 million of capital and maintains a strong transaction pipeline.

Andy Stewart, Managing Partner of Argosy Real Estate Partners, noted: "We continue to identify attractive real estate investment opportunities in the lower middle market. This has always been our firm's targeted market segment due to the inefficiency we believe still exists at this investment size. We continue to build an exceptional team at Argosy capable of sourcing and executing investments in this large, yet less competitive space."

The AREP investment platform is led by Managing Partners David Butler and Andy Stewart. AREP invests nationally from three offices including its headquarters in Philadelphia and additional offices in Denver and San Francisco. AREP currently has approximately $1.0 billion in gross value of real estate assets and equity commitments under management.

 Argosy Real Estate Partners

Argosy Real Estate Partners specializes in opportunistic real estate investments in the lower middle market. Through joint venture structures, AREP partners with entrepreneurial operating partners with a demonstrated track record. AREP manages capital on behalf of institutional investors, family offices and high net worth individuals. AREP is a division of Argosy Capital together with Argosy Private Equity and Argosy Credit Partners. All of the Argosy Capital funds focus on lower middle market investments.

For more information on Argosy Real Estate Partners, please visit www.argosyrealestate.com.

For more information on Argosy Capital, please visit www.argosycapital.com

Media Contact: Beth Silver, Doubet Consulting LLC, 212-472-4340, bsilver@doubetllc.com

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SOURCE Argosy Real Estate Partners

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