Assembly Funds Management (AFM) has initiated a limited first close of its second diversified real estate fund, ADPF2, aiming to capitalise on value add and special situations opportunities in the market.
Charlie Buxton’s Cadence Property Group will invest the money raised into mostly industrial “value-add” opportunities and target 12 per cent total annual returns.
MaxCap has acquired 125 newly built rental apartments in four towers across Melbourne in a strategy designed to benefit from an undersupply of housing.
Westfield founders the Lowy family are cornerstone investors in the Assembly Diversified Fund, which has acquired its fourth and fifth industrial properties.