HighBrook Investors raised $632 million for its latest deep value/special situations real estate fund focused on select markets in Western Europe.
The HighBrook Property Fund IV was oversubscribed and will target industrial, residential and creative office assets in the Netherlands, Germany and Denmark. Additionally, officials said the fund may buy properties in the U.S. too that are consistent with HighBrook’s overall sector themes.
So far 80 properties predominantly of urban in fill, last mile warehouses have been purchased for the latest fund.
“We believe the European market will continue to offer compelling investment opportunities, especially as the recent market volatility begins to result in distressed and special situations,” said Robert Giusti, chief investment officer and head of Europe for HighBrook, which used Monument Group as its placement agent. “We will continue to utilize our extensive local relationships and market knowledge to source and identify deep value opportunities across markets and property types.”