DivcoWest forms $870+ million DivcoWest Fund III
Clients DivcoWest Real Estate Services, Inc.
Jones Day advised DivcoWest Real Estate Services, Inc., in connection with the $870+ million formation of DivcoWest Fund III, a real estate fund focusing on office and research and development properties in technology-driven markets throughout the U.S.
Fundraising occurred in an unprecedented 6 months, with the sponsor setting an initial goal of $800 million for the capital raise, which was subsequently oversubscribed for a total in excess of $871 million. The Fund, including leverage, provides the client with over $2 billion in capital for investment.