Bixby Land Company Announces Closing of Bixby Industrial Fund I
Bixby Land Company closed its Bixby Industrial Fund I, offering existing investors liquidity and extending duration for a portfolio of industrial properties in California, Arizona, and Georgia. The fund, with equity investors like Vintage Strategies at Goldman Sachs Alternatives and Ares Management Real Estate Secondaries fund, aims for value-add returns over a 5-7 year horizon.
Successful completion of the fund raise demonstrates investor confidence in Bixby Land Company's vision and discipline.
Additional discretionary capital for new investments in target markets signifies growth opportunities for the company.
Potential risks associated with investing in real estate properties, market fluctuations, and economic uncertainties could impact the fund's performance.
Long-term investment horizon of 5-7 years may carry inherent risks and uncertainties that could affect returns.
The transaction also provides additional discretionary capital for new investments in Bixby’s target markets in the Western U. S.,
“We are thrilled to announce the successful completion of our inaugural fund raise. This achievement is not only a testament to the confidence investors have in our vision and discipline, but also an important next step as Bixby continues its growth as an investment manager,” says Lindsey Ensign Olson, Director of Investor Relations & ESG Lead at Bixby Land Company.
Accord Group Holdings LLC, a global real estate strategic investment and capital advisory firm, via Accord Capital Partners LLC, its US broker/dealer affiliate, served as the advisor to Bixby Land Company.
About Bixby Land Company
Bixby Land Company is a leading commercial real estate owner, operator, and investment manager with over
About Ares Management
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2024, Ares Management Corporation's global platform had approximately
About Vintage Strategies at Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors, and individuals. Goldman Sachs has over
Established in 1998, Vintage Strategies at Goldman Sachs Asset Management is one of the largest secondaries investors in the world and has invested over
View source version on businesswire.com: https://www.businesswire.com/news/home/20240509617577/en/
For media inquiries or further information, please contact:
Debbie Heinze at Bixby Land Company, 949-336-7028 or dheinze@bixbyland.com
Source: Bixby Land Company
FAQ
What is Bixby Land Company's Bixby Industrial Fund I about?
Who are the equity investors in Fund I?
What are the target markets for Bixby Land Company's new investments?
What is the investment horizon for the fund?
