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Follow on Google News | The Brookdale Group Successfully Completes Formation of Seventh Real Estate Investment FundBy: The Brookdale Group Fund Seven is the largest investment fund which Brookdale has raised in the firm’s twenty-year history, providing the firm with the ability to invest (on a leveraged basis) approximately $1.4 billion in the purchase or recapitalization of existing Class A office properties or in the development of new office buildings located in the Sunbelt region of the United States. With the formation of Fund Seven, Brookdale has now sponsored commercial real estate investment funds with total capital commitments of approximately $2.0 billion. The first six Brookdale investment funds made investments in 72 Sunbelt office buildings totaling more than 10.5 million square feet, and 17 of those buildings (totaling almost 4.0 million square feet) are still owned by the firm’s fifth and sixth funds. The Sunbelt markets being targeted by Brookdale for Fund Seven investments include Atlanta, Austin, Charlotte, Dallas/Ft. Worth, Ft. Lauderdale, Houston, Miami, Nashville, Orlando, Palm Beach, Raleigh, San Antonio, Tampa and the northern Virginia and Maryland suburbs of Washington, D.C. “We are extremely grateful for the support of our institutional investor partners, particularly in light of the fact that they committed almost 30 percent more to Fund Seven than our originally targeted amount, enabling us to complete the fundraising process for the new fund in less than four-and-a-half months,” said Chip Davidson, Brookdale’s Co-Founder, Chairman and CEO. The Brookdale Group, LLC (www.BrookdaleGroup.com) is a privately held commercial real estate investment company established in Atlanta in September 1994 by real estate industry veterans Davidson and Fred Henritze. The company provides investment and asset management services exclusively to its sponsored real estate funds, on whose behalf the firm exercises full and complete discretion with respect to both investment and disposition decisions. For more information, contact: Seabie Hickson, Executive Vice President Dan Ethridge, Executive Vice President Robert Turner, Executive Vice President The Brookdale Group, LLC 404-364-8080 End
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