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Report: NREP aims to pull in €1.25B for 4th value-add property fund

NREP is eyeing €1.25 billion for its latest value-add property fund that will target logistics, student housing, serviced living, care homes and other seniors housing assets, IPE Real Assets reported, citing people with knowledge of the matter.

Fundraising for NREP Nordic Strategies Fund IV, which could attract a $30 million commitment from the San Diego City Employees' Retirement System, is expected to surpass the amounts raised for its predecessor funds, according to the report.

The news outlet could not get a comment on the matter from NREP.