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Kayne Anderson Real Estate Advisors closes fourth fund on over $1bn

Wednesday, May 06, 2015
Opalesque Industry Update - Kayne Anderson Real Estate Advisors, the real estate private equity arm of Kayne Anderson Capital Advisors, L.P., today announced that it has closed its fourth fund, Kayne Anderson Real Estate Partners IV (KAREP IV), its largest to date, at more than $1.0 billion. KAREP IV, which exceeded its target size within eight months, will be invested in specialized real estate sectors. KAREP IV's investor base includes institutional investors, foundations, family offices and high net worth individuals.

"We are extremely pleased with the strong support from our new and existing partners, which allowed us to quickly reach our fundraising target," said Al Rabil, Managing Partner and CEO of Kayne Anderson Real Estate Advisors. "Our team continues to see exciting opportunities to invest in niche sectors of the real estate market where we have a unique expertise and our deal pipeline remains robust. We are confident that our differentiated investment approach will allow us to continue to generate best in class returns for our investors."

KAREP IV will focus on opportunities in niche sectors of the real estate market including medical office buildings, senior housing and off-campus student housing.

KAREA's current portfolio includes more than 2.5 million square feet of medical office space and approximately 3,500 senior housing beds and 20,000 student housing beds.

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