San Francisco-headquartered real estate investment firm DivcoWest closed its sixth value-added real estate fund, the $2.25 billion DivcoWest Fund VI, which was oversubscribed and above its $1.5 billion fundraising target.

The latest fund is DivcoWest's largest to date. Its predecessor fund, DivcoWest Fund V, closed with $1.6 billion in 2017.

"DivcoWest has