USAA Concludes REIT Fund Fundraising

Published January 11, 2008, 2:00 p.m. EST

1 Min Read

USAA Real Estate Co., San Antonio, has announced the conclusion of fundraising for its US Industrial REIT II fund after raising $450 million in equity commitments, $50 more than originally planned. USAA said the commitments came from 10 institutional investors, including domestic pension funds, insurance companies, and other fund investors. The real estate investment trust fund invests in high-quality bulk distribution properties located in major markets around the United States, the company said. USAA can be found on the Web at http://www.usaarealco.com.

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