– AEW Capital Management (“AEW”) announced the final closing of AEW Partners Real Estate Fund X, L.P. (“PX”) with $1.77 billion in equity commitments.
– PX surpasses its predecessor, AEW Partners IX, which closed in 2021.
– PX is the tenth vintage in AEW’s opportunistic fund series that began in 1988.
– The Fund follows a sector-diversified opportunistic strategy, targeting market dislocations in specific property types.
– PX’s seed portfolio includes investments in senior housing, multifamily, industrial, and retail.
– The portfolio aims for diversification by sector and geography.
– Tony Crooks, Managing Director and Senior Portfolio Manager, emphasized the milestone of the tenth vintage and AEW’s track record across market cycles.
Crooks also highlighted the ongoing support from clients and advisors as key to AEW’s success.
– Jonathan Martin, AEW CEO, noted that the firm is gaining momentum across its diversified investment platform. He cited AEW’s in-house expertise and long-standing sourcing network as positioning the firm well to pursue attractive opportunities for investors.
