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Report: CBRE Global secures $1.1B in commitments for 8th value-added US fund

In September, CBRE Global Investors Inc. secured $1.1 billion in commitments in its second fundraising round for its eighth value-added U.S. real estate fund, IPE Real Assets reported.

Citing sources that monitor capital markets, the report said CBRE is on track to hit $1.5 billion for CBRE Strategic Partners US Value 8, which will invest in various sectors in major U.S. markets that can be improved via renovation, re-leasing or redevelopment.

Kansas Public Employees Retirement System is committing $50 million to the fund.

CBRE did not offer a comment on the matter, the report added.