Adler launches $150M real estate fund

Fund will target 13-14% IRR

Miami /
Feb.February 28, 2018 08:45 AM

Matthew Adler of Adler Real Estate Partners

Adler Real Estate Partners recently launched a $150 million commercial real estate fund, its largest fund to date.

Adler Real Estate Fund IV will target light industrial real estate and office properties in U.S. markets with strong growth, according to data from Preqin, an alternative asset industry database. It’s seeking a 13 percent to 14 percent internal rate of return.

Matthew Adler, founder and managing partner, and the Adler management team bought out Kawa Capital Management and other shareholders effective Jan. 1, according to Adler’s website. The joint venture together raised capital for three funds, including the Adler Kawa Real Estate Fund III, a $110 million investment vehicle that closed to new investors in July 2016. It’s almost fully invested, Adler said.

Aventura-based Adler Real Estate Partners focuses on buying properties in which the firm invests about $10 million to $20 million of equity in a roughly $50 million deal. “We get to be the big fish in the small pond. That’s where we really excel,” Matthew Adler said.

The company owns office and industrial real estate in 11 markets, including Dallas, Houston, Austin, Charlotte, Raleigh, Baltimore, Los Angeles, Birmingham and South Florida. It’s looking to be back in markets like Tampa, Orlando and Atlanta, Adler added.


Related Articles

arrow_forward_ios
Grover Corlew principal Mark Corlew with Bank of America Tower in Boca Raton (Grover Corlew)
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Moishe Mana and the downtown parking lot he purchased (Google Maps, Getty)
Moishe Mana expands downtown Miami assemblage with $12M purchase
Moishe Mana expands downtown Miami assemblage with $12M purchase
(Photos courtesy of Miami Historic Preservation, Smith Aerials, Colliers)
Development site near MiamiCentral hits the market
Development site near MiamiCentral hits the market
Alliance Residential Company CEO Bruce Ward and 6595 Morikami Park Road (Google Maps)
Alliance Residential buys site, scores $46M construction loan for senior apartments in Delray Beach
Alliance Residential buys site, scores $46M construction loan for senior apartments in Delray Beach
Arbor Management Acquisition Company heads Ivan Kaufman and Maurice Kaufman with a rendering of Aventura Park (Anillo Toledo Lopez, iStock)
Arbor Management buys multifamily dev site near Aventura for $10M
Arbor Management buys multifamily dev site near Aventura for $10M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Blink’s Michael Farkas and Lionstone’s Diego Lowenstein with 605 Lincoln Road (Google Maps)
Blink buys office condo on Miami Beach’s Lincoln Road for new HQ
Blink buys office condo on Miami Beach’s Lincoln Road for new HQ
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...