Goldman Sachs Asset Management today announced that it has raised $3.5 billion for its Real Estate Investment Partners program (“REIP”) from a diverse group of institutional and high net worth investors.
REIP will invest with a global mandate, focusing on core-plus and value-add opportunities in real estate, and has made a number of investments in sectors including logistics, residential and office buildings.
REIP is managed by the real estate business within Goldman Sachs Asset Management – one of the largest real estate platforms globally with over $50 billion in capital invested since 2012 across the spectrum of opportunities from core to opportunistic, in both credit and equity.
REIP will benefit from Goldman Sachs Asset Management’s differentiated capabilities and insights to navigate macroeconomic volatility and shifting demand drivers, with a focus on defensive investments in growing markets and sectors, and a growing focus on sustainability.
Source : Goldman Sachs Asset Management Real Estate