US investment house Argosy Real Estate Partners has pulled in at least $125m for its fourth vehicle.
Argosy Real Estate Partners IV has raised $125.6m from 157 investors while a parallel vehicle has hauled in $10.05m, according to filings on the SEC.
It is not apparent if the additional $10m will be added to the final figure raised for Fund IV.
The latest fund is still some way off the $200m raised for its 2015 predecessor, which held a final close on $200m.
However, it is not clear if the figure raised for Fund IV signals a final close, with no target registered on the filing.
The firm, which also manages a private equity arm, claims to invest in lower mid-market real estate opportunities. It seeks to partner with operating partners that have local market knowledge and have a proven track record.
It looks to have already started deploying capital, and has listed four investments on its website, including a Minneapolis land portfolio, a multifamily property in Texas and an apartment community in Texas.
Its previous two funds dedicated to real estate boast 31 investments between them.
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