News Release
The Carlyle Group Raises $950 Million for Fourth U.S. Real Estate Fund; Total U.S. Real Estate Assets Under Management Exceed $8 Billion
2005-50
Washington, DC - Global private equity firm The Carlyle Group today announced that it has raised $950 million for its fourth U.S. real estate fund, Carlyle Realty Partners IV. Carlyle Realty Partners makes opportunistic investments in the United States in the office, hotel, industrial, retail, for-sale residential and senior living sectors.
Carlyle Realty Facts:
- Focuses on major markets, with a large proportion of investments in the Washington, DC, New York City, and Southern California markets
- Invested more than $1.3 billion in the Washington, DC, area since December 2003
- Total capitalization of investments to date exceeds $8 billion
Select Significant Investments:
Office
- One Wilshire (30-story, Class B tower in Los Angeles)
- Metropolitan Tower (18-story, Class A building in Midtown Manhattan)
- 261 Fifth Avenue (34-story, Class B building in Midtown Manhattan)
- 1275 K Street (235,000 square foot Class B building in Washington, DC)
Hotel
- 8th Avenue Hotels (two properties containing 668 rooms in Midtown Manhattan)
- Chicago Downtown Marriott (1,192-room hotel in Chicago)
For-Sale Residential
- The Orion (60-story, 550-unit condominium development in Midtown Manhattan)
- Clarendon 1021 (420-unit condominium building in Arlington, VA)
Retail
- Parkway Crossing East (120,000 square foot retail development in Woodbridge, VA)
- Paradise Esplanade (58,000 square foot retail development in Las Vegas)
Senior Living
- Sunrise of Westlake Village (85-unit senior living development in Westlake Village, CA)
- Huntington Terrace (191-unit senior living property in Melville, NY)
Mixed-Use
- Park Place (Office, retail, residential, hotel and arts complex in Annapolis, MD)
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