Private real estate investor Asia Capital Real Estate (ACRE) announced that it has secured $320 million in capital commitments from a fund managed by Almanac Realty Investors, the real estate investment arm of asset management firm Neuberger Berman.
The funding will be for the various funds managed by ACRE and will serve as anchor investments in the PE firm’s upcoming series of real estate private equity and debt funds that will focus on multifamily investments.
