Equity commitments for the fund are currently planned to total US$750 million within a few weeks, but depending on the pace of capital deployment, equity may be increased to US$1 billion.
Real estate investment manager Allianz Real Estate has established a new investment platform, in partnership with Ivanhoé Cambridge and other investors, to build a diversified portfolio of multi-family residential assets across cities in Japan.
The Allianz Real Estate Asia-Pacific Japan Multi-Family Fund I (AREAP JMF I), is a Singapore-domiciled, closed-end fund. Fully invested, the platform will have an investment capacity of approximately US$2 billion ($2.7 billion) in gross asset value.
