San Francisco-based Shorenstein Properties has closed on an upsizing of its latest fund, Shorenstein Realty Investors Nine, which initially closed in May 2007 with $1.3 billion in equity commitments including $100 million invested by the firm.
Shorenstein’s latest real estate vehicle now has $2.06 billion of capital. The firm re-opened the fund to additional commitments at the end of 2007 “in response to disruptions in the debt markets that have changed the investment environment,” according to a statement issued today.
