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29-04-14

UAE's RiverCrossing launches USD125 m fund

(MENAFN) RiverCrossing Capital Partners has recently launched a USD125 million RiverCrossing Alternative Real Estate US fund, according to Gulf Daily News. The company plans to invest the fund in income-producing, cycle-resilient alternative real estate properties in senior housing, student housing, medical offices and self storage across various regions of the US. RiverCrossing Alternative Real Estate US has been established with Virtus Real Estate Capital, a leading US manager that has invested more than USD2.3 billion in the domestic real estate market in the last ten years.