TA Realty in Boston raised its latest fund, which was oversubscribed closing with equity commitments totaling $1.8 billion.
TA Realty Value-Add Fund XIII is focused on industrial and multifamily assets as well as grocery-anchored shopping centers in major U.S. markets. The firm’s previous fund closed in 2020 with $1.2 billion in capital.
“We believe the success of this fundraise is a direct reflection of the trust and confidence our existing and new investment partners have in us to execute our investment strategy,” said Jim Raisides, managing partner at TA Realty. “Over time, we have demonstrated that our experience, patience and discipline make us capable of effectively navigating varying market environments with precision. We look forward to prudently deploying this capital into value-add investments that have the potential to deliver attractive risk-adjusted returns.”
Since 1987, the firm’s flagship has raised more than $12 billion in equity. TA Realty has acquired, invested and/or managed approximately $40 billion of real estate assets through core, core plus and value-add strategies and customized separate/advisory accounts.