NewsroomApril 2021Al Neyer raises $110 million fund for developmentNewsroom Archives 2024 MarchFebruary 2023 DecemberOctoberSeptemberJanuary 2022 DecemberNovemberOctoberAugustJulyJuneMayAprilMarchFebruaryJanuary 2021 DecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruary 2020 DecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary 2019 DecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilFebruaryJanuary 2018 DecemberNovemberOctoberAugustJulyJuneMayAprilFebruaryJanuary 2017 NovemberOctoberSeptemberAugustJulyJuneMayAprilJanuary 2016 DecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary 2015 DecemberSeptemberJulyJuneAprilMarchFebruaryJanuary 2014 DecemberSeptemberMarch 2013 DecemberAugustJulyMarch Friday April 16, 2021 Al Neyer raises $110 million fund for development From Cincinnati Business Courier: AL. NEYER RAISES $110 MILLION FUND FOR DEVELOPMENT Al Neyer, one of Greater Cincinnati’s most active industrial developers, has closed its first real estate investment fund, raising $110 million. The downtown-based commercial real estate and design-build firm closed Al Neyer Industrial Fund I LLC on April 1. Launched with a goal of raising $100 million, the fund ended up surpassing that by $10 million. The fund is expected to be used to develop class A industrial projects totaling about $300 million. Jen Weingartner, vice president of capital and investor relations at Al Neyer, said a private equity fund is something the company has been discussing for a while. Previously, Al Neyer would raise equity on a project-by-project basis. […] The fund structure will give investors an investment in a diversity of industrial projects. Al Neyer will use the equity in a variety of projects, both in terms of size and type, as well as geography. The focus with Fund I will be bulk product, rear-load and single-load product, and last-mile industrial. The developments will be located within the company’s four growth markets, Cincinnati, Pittsburgh, Nashville and Raleigh, as well as markets within 300 miles of Al Neyer’s existing footprint. Al Neyer has a pipeline of more than 12 million square feet of potential industrial space. Weingartner said Al Neyer has a strong development pipeline of industrial projects in all four of its markets. The fund has 105 investors, who had to invest a minimum of $500,000. Al Neyer has a large group of investors in Cincinnati, but it also pulled a large number of investors from the Pittsburgh, Nashville and Raleigh markets. Read more from Tom Demeropolis here. Recent NewsTuesday April 2, 2024Patrick Poole is Recognized on The Nashville Post’s “In Charge” and “The Builders” ListsThursday March 28, 2024Al. Neyer Wins NAIOP Nashville’s 2024 Industrial Development of the Year AwardWednesday March 13, 2024Al. Neyer Named 2024 Best in Business Finalist by Nashville Business JournalMonday February 26, 2024Shoals Technologies Group Invests $80M in Relocation to Shoals Way Industrial