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April 2021

Al. Neyer Launches Its First Private Equity Real Estate Investment Fund

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Monday April 19, 2021

Al. Neyer Launches Its First Private Equity Real Estate Investment Fund

From Yahoo Finance:

DEVELOPER, DESIGN-BUILDER BUILDS ON THE SUCCESS OF A ROBUST INDUSTRIAL PIPELINE

Al. Neyer, a leading commercial real estate development and design-build firm, announces the closing of Al. Neyer Industrial Fund I, LLC, its first real estate investment fund. The fund closed on April 1 with a total raise of $110 million in equity and will develop approximately $300 million of Class A industrial projects managed by Al. Neyer.

“Our real estate investments continue to perform extremely well for our investors, positioning us for success with our first private equity fund,” said Jen Weingartner, vice president of capital and investor relations at Al. Neyer. “E-commerce is growing at an explosive rate, and reshoring is bringing manufacturing back to the U.S. These two demand drivers have helped us identify compelling opportunities for investment in industrial real estate across our growing footprint. Thanks to our strategic local presence in dynamic growth markets and deep bench of in-house development, construction, and finance experts, we have built a robust pipeline that currently totals more than 12 million SF of potential industrial space. We are confident in the strength of our diverse pipeline with well-located sites where tenants want to be.”

[…]

Interest in Al. Neyer’s first industrial development fund has exceeded expectations, helping the team surpass its initial goal to raise $100 million. “We’re giving both long-term investors and new investors an opportunity to invest with a proven development sponsor with a long history of successful execution,” said Weingartner. “We are highly committed to delivering exceptional results for our investors and value the trust that they have placed in us.”

Read more here.


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