Morgan Stanley Closes $4.2B RE Fund

Morgan Stanley Real Estate, New York, has concluded fundraising for Morgan Stanley Real Estate Fund V International with $4.2 billion of equity commitments from global private and institutional investors.MSREF V, which raised funds from North America, Europe, Asia, Africa, and Australia, will acquire a diversified portfolio of assets, primarily in Japan, the Asia-Pacific region, and Europe, Morgan Stanley said. The fund has already committed approximately 50% of its capital to assets, predominantly in Japan, China, and Western Europe, the company said. Morgan Stanley RE can be found online at http://www.morganstanley.com/realestate.