Dermody Properties raises $1 billion for Industrial Fund IV

Dermody Properties announces the closure of its fourth commingled fund, Dermody Properties Industrial Fund IV, L.P., securing $1.043 billion in capital commitments.

This figure closely mirrors the $1.065 billion raised for its predecessor, DPIF III.

DPIF IV will continue to expand Dermody Properties’ legacy of acquiring, developing and operating state-of-the-art logistics facilities in infill locations across the U.S.

The fund will focus on value-add single-asset and portfolio investments, along with strategic new development projects.

Shelter Rock acted as a placement agent for DPIF IV, and the legal advisor for Dermody Properties was Kirkland & Ellis.

For information, visit www.Dermody.com.