{"id":1004142994,"date":"2016-04-27T23:34:37","date_gmt":"2016-04-28T07:34:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004142994"},"modified":"2020-04-28T06:15:21","modified_gmt":"2020-04-28T14:15:21","slug":"lone-star-closes-fifth-cre-fund-with-money-to-spare","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lone-star-closes-fifth-cre-fund-with-money-to-spare\/","title":{"rendered":"Lone Star Closes Fifth CRE Fund with Money to Spare"},"content":{"rendered":"<p>By Scott Baltic, Contributing Editor<\/p>\n<div id=\"attachment_1004142995\" style=\"width: 160px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/J-Grayken_Grey_150x200.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004142995\" data-attachment-id=\"1004142995\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lone-star-closes-fifth-cre-fund-with-money-to-spare\/j-grayken_grey_150x200\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/J-Grayken_Grey_150x200.jpg\" data-orig-size=\"150,200\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"J-Grayken_Grey_150x200\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/J-Grayken_Grey_150x200.jpg?w=150\" class=\"wp-image-1004142995 size-full\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/J-Grayken_Grey_150x200.jpg\" alt=\"John Grayken, founder &amp; chairman of Lone Star Funds\" width=\"150\" height=\"200\" \/><\/a><p id=\"caption-attachment-1004142995\" class=\"wp-caption-text\">John Grayken, founder &amp; chairman of Lone Star Funds<\/p><\/div>\n<p><strong>Dallas<\/strong>\u2014Global private equity firm <a href=\"https:\/\/www.lonestarfunds.com\/\" target=\"_blank\" rel=\"nofollow\">Lone Star Funds<\/a>\u00a0of Dallas, on Tuesday announced the first\u2014and final\u2014closing of Lone Star Real Estate Fund V (U.S.) LP and Lone Star Real Estate Fund V (Bermuda) LP, having received, since its January launch, third-party commitments in excess of the fund\u2019s $5.0 billion target and $5.5 billion hard cap.<\/p>\n<p>The fund\u2019s investment strategy, according to a prepared statement, \u201cwill be consistent with previous Lone Star Funds real estate funds, focusing on a broad range of financial and other opportunistic investment assets in commercial real estate debt and equity products in the Americas, Europe and Asia-Pacific.\u201d<\/p>\n<p>(Lone Star Funds was unable to provide requested additional information to <a href=\"https:\/\/www.commercialsearch.com\/news\/\" target=\"_blank\">Commercial Property Executive<\/a> by press time.)<\/p>\n<p>Since its founding in 1995, Lone Star Funds has organized 16 funds with commitments in excess of $65 billion, including four previous dedicated CRE funds.<\/p>\n<p>A quick review of some major transactions by Lone Star Funds over the past 18 months or so illustrates why \u201copportunistic\u201d is a well-chosen term.<\/p>\n<p>In September 2014, Lone Star acquired a portfolio of 38 hotels from Hyatt Hotels Corp. for about $590 million.\u00a0That same month, it acquired a 64-property, 20,439-unit apartment portfolio from Bell Partners Inc. and DRA Advisors LLC for more than $1.8 billion.<\/p>\n<p>In June 2015, another giga-deal, when Lone Star <a href=\"https:\/\/www.commercialsearch.com\/news\/lone-star-goes-on-mega-shopping-spree\/\" target=\"_blank\">acquired multifamily REIT Home Properties<\/a> for about $7.6 billion.\u00a0Then, in July 2015, a change of pace, as Lone Star bought three Class A and B office buildings for $25 million and two Marriott hotels for more than $61 million, <a href=\"https:\/\/www.commercialsearch.com\/news\/lone-star-gobbles-up-more-properties-2\/\" target=\"_blank\">all in Cincinnati<\/a>.<\/p>\n<p>Opportunistic indeed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dallas-based company closed its fifth commercial real estate fund with $5.5 billion in commitments.<\/p>\n","protected":false},"author":882,"featured_media":1004142995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21808,21825,21783,21742],"tags":[],"class_list":["post-1004142994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-featured","category-finance","category-investment","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lone Star Closes Fifth CRE Fund with Money to Spare - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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