Goldman Sachs raises $3.5bn for global real estate investment strategy

Goldman Sachs raises $3.5bn for global real estate investment strategy

Goldman Sachs Asset Management has raised $3.5 billion for its Real Estate Investment Partners program (REIP) from a diverse group of institutional and high net worth investors.

REIP will invest with a global mandate, focusing on core-plus and value-add opportunities in real estate, and has made a number of investments in sectors including logistics, residential and office buildings.

REIP is managed by the real estate business within Goldman Sachs Asset Management, one of the largest real estate platforms globally with over $50 billion in capital invested since 2012 across the spectrum of opportunities from core to opportunistic, in both credit and equity.

”REIP will benefit from Goldman Sachs Asset Management’s differentiated capabilities and insights to navigate macroeconomic volatility and shifting demand drivers, with a focus on defensive investments in growing markets and sectors, and a growing focus on sustainability,” said Goldman Sachs in a statement.

Julian Salisbury, Global co-Head of Goldman Sachs Asset Management, said: “This fundraise reflects the strength, track record and breadth of our global real estate platform. Our tenured team has navigated complex changes in the real estate market over multiple cycles and produced strong outcomes for our clients. We are focused on delivering consistent risk-adjusted returns for investors and are grateful for their continued support and partnership.”