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Paramount Group sets up $600M co-plus real estate fund

Paramount Group Inc. recently established the real estate co-investment platform, Paramount Gateway Office Club, with $600 million in equity capital commitments from non-U.S. investors, Chairman, CEO and President Albert Behler disclosed on the company's earnings call.

The office real estate investment trust, as the general partner and investment manager of the co-plus fund, has the option to co-invest up to 51% in each transaction, according to a transcript of the earnings call.