Dermody Properties Closes $1.043 Billion Industrial Fund IV for Logistics Real Estate Investments

Dermody Properties, a private equity investment management company specializing in national logistics real estate, has successfully closed its fourth commingled fund, Dermody Properties Industrial Fund IV, L.P. (DPIF IV), securing $1.043 billion in capital commitments. This amount closely resembles the $1.065 billion raised for its predecessor, DPIF III.

Notably, every existing investor from DPIF III reinvested in DPIF IV, in addition to two returning investors from DPIF II and four new investors from the United States, Canada, and Europe. The investor base for DPIF IV includes prominent public and corporate pension funds, insurance companies, and other institutional investors.

 DPIF IV, will focus on value-add single-asset and portfolio investments, along with strategic new development projects. Dermody Properties has maintained a national portfolio in major markets for over 60 years, serving international, national, and regional clients. It has invested over $10 billion of total capital and acquired and developed approximately 110 million square feet of logistics and industrial facilities.