American Real Estate Partners (AREP) has secured $309m in capital commitments for its fourth fund.
The real estate fund manager said 80% of the capital raised for AREP Strategic Opportunity Fund IV will be allocated to expanding PowerHouse, AREP鈥檚 data centre platform.
Brian Katz, president and co-founder of AREP, said: 鈥淭his $309m raise signals both tremendous growth and a bold shift in AREP鈥檚 capacity to scale and lead. The pivot into data centres and digital infrastructure is the result of our team鈥檚 deliberate, long-term strategy to invest in sectors that drive tomorrow鈥檚 economy.
鈥漁ur approach didn鈥檛 just follow industry trends鈥攊t helped reshape them. As a top five data centre developer and rising industry force, we鈥檝e built a platform for sustainable growth that stays ahead of market demand. From data centres powering the digital landscape to modern, high-demand residential communities, we鈥檝e consistently anticipated where the market is headed.鈥�
AREP specialises in data centre, residential, industrial and office assets.
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