Carlyle Group Secures Over $9 Billion for New Real Estate Fund
Carlyle Group has successfully gathered $9 billion in commitments for its newest real estate opportunity fund, named Carlyle Realty Partners X. This surpasses its initial $8 billion target, with a maximum cap of $10 billion. The fund is a successor to Partners IX, through which Carlyle raised $8 billion in 2021.
Investment Focus and Strategy
The new fund plans to focus on investments within the residential, self-storage, and industrial sectors, deliberately avoiding office, hotel, and retail properties—areas where Carlyle has previously exercised caution. The company believes that demand in residential, self-storage, and industrial markets is primarily driven by demographic trends and less reliant on overall economic growth.
Potential Residential Investments
Potential residential investments include student housing, traditional apartments, single-family rentals, manufactured housing, and senior living options. The firm anticipates that development projects in these areas could yield high risk-adjusted returns, especially in markets with limited supply. Notably, Nebraska’s Investmen...