Excerpt: Morgan Stanley Real Estate Raises $1.75 Billion for Fifth MSREF U.S. Fund
- Morgan Stanley Real Estate announced today that it has successfully concluded fundraising for Morgan Stanley Real Estate Fund (MSREF) V U.S. with $1.75 billion of equity commitments.
- MSREF V U.S. has already committed approximately 60% of its capital to these types of investments.
- “Compelling investment opportunities continue to exist throughout the United States from improving property market fundamentals, secular demographic trends and take-private transactions,” said Michael Franco, Managing Director and Head of MSREF U.S.
- Morgan Stanley Real Estate has been investing since 1991 and has an established record of successfully executing real estate investment programs on a global basis. U.S.-focused funds include MSREF I, MSREF II, MSREF III Domestic, MSREF IV Domestic and now MSREF V U.S. International funds include MSREF III International, MSREF IV International and MSREF V International.
- Since 1991, Morgan Stanley has acquired $87.7 billion of real estate assets worldwide and currently manages $50.9 billion in real estate assets on behalf of its clients.
- Morgan Stanley is also a global leader in real estate lending and, using its own capital, originated upwards of $26 billion in commercial mortgages in 2005.
Source: Morgan Stanley