CHICAGO, May 6, 2021 /PRNewswire/ — WHI Real Estate Partners L.P. (“WHIREP”) announced today the final closing of WHI Real Estate Partners V, L.P. (“WHIREP V” or the “Fund”) with $385.0 million of capital commitments, exceeding the Fund’s $325.0 million target.
WHIREP expects to invest the Fund in a broad range of industrial, residential, hotel, office, and other properties throughout the United States, continuing the opportunistic investment program of WHIREP’s predecessor funds.
WHIREP V received capital commitments from a diverse group of investors, including university endowments, foundations, health care systems, wealth management firms, family offices and others.
WHIREP currently anticipates that the Fund will acquire real estate assets with an aggregate cost of $1.0 – $1.1 billion.
PJT Park Hill, a business group of PJT Partners Inc., served as exclusive placement agent to the Fund. Kirkland & Ellis LLP served as counsel to the general…