Taconic Capital Advisors closed its third real estate fund at $500 million with a focus on distressed and opportunistic investments.
Taconic CRE Dislocation Onshore Fund III is one year into its investment period and has already committed or closed on $300 million of investments across 15 transactions. The $8 billion firm sees the COVID pandemic accelerating pre-existing trends and distress in the commercial real estate market. The market has been driven by aggressive pre-COVID financing and transaction assumptions, oversupply in specific markets and COVID-related societal and demographic shifts that will ultimately apply pressure on . . .
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators