Offices

DivCore Fund VII is a closed-end, value-add real estate fund managed by DivcoWest, aiming to raise $1.5 billion. The fund focuses on acquiring and repositioning underperforming real estate assets across the United States, targeting sectors such as office, residential, industrial, data centers, and self-storage. By leveraging DivcoWest's operational expertise, the fund seeks to enhance asset value through strategic improvements and active management. The fund's strategy includes identifying opportunities arising from distressed sellers, liquidating lenders, and rescue capital situations. This approach allows DivCore Fund VII to capitalize on market dislocations and acquire assets at attractive valuations. The fund aims to generate strong risk-adjusted returns for its investors by focusing on assets with significant value-add potential. DivCore Fund VII has attracted commitments from institutional investors, including a $75 million allocation from the Massachusetts Pension Reserves Investment Management Board (MassPRIM), with an additional $75 million earmarked for co-investments alongside the fund. This marks MassPRIM's fifth commitment to DivcoWest-managed funds over the past 14 years, reflecting confidence in the firm's investment strategy and track record.

Epsicap Nano (formerly Epsilon 360°) is a French Société Civile de Placement Immobilier (SCPI) managed by Epsicap REIM (formerly Epsilon Capital), an Autorité des Marchés Financiers (AMF)-registered portfolio management company headquartered in Bordeaux, France. The fund received its AMF visa in September 2021, making it France's first SCPI exclusively dedicated to small-cap commercial real estate — tertiary assets including offices, retail premises, and light-industrial spaces with individual asset values typically between €1 million and €10 million, below the threshold attracting institutional competition. The fund's capitalisation reached €188 million as of 31 December 2025 under its open-ended, variable-capital structure. Epsicap Nano pursues an income-oriented, diversified strategy targeting commercial assets overlooked by larger institutional buyers. The fund delivered a 6.08% distribution rate in 2022, rising to 6.55% in 2024, with a stated target of 7.00%+ distribution yield and total returns above 8.25% for 2025. As of September 2025, non-French European assets represented 26% of the portfolio, with a roadmap to reach 40% by end-2025 and 50% by mid-2026. Active international markets include Spain, reflecting the fund's accelerating Pan-European diversification beyond its French core. The fund renamed itself from Epsilon 360° to Epsicap Nano in June 2025, aligning with the broader rebranding of the management company from Epsilon Capital to Epsicap REIM. The fund's differentiation lies in competing in a market segment where institutional capital is structurally underrepresented: assets priced between €1 million and €10 million attract fewer competing bidders than prime Parisian commercial real estate, allowing Epsicap Nano to capture yield premiums unavailable in the core commercial property market. The variable-capital SCPI structure allows continuous unit issuance and redemption subject to queue management, providing a level of liquidity uncommon in traditional closed-end real estate vehicles.

NREP Nordic Strategies Fund V is a €3.65 bn (~US $4 bn), 2022-vintage, value-add real estate fund domiciled in Luxembourg and managed by Nordic Real Estate Partners. It reached a hard cap in May 2023—becoming Europe’s largest value‑add real estate vehicle—backed by a global roster of pension funds, insurers, sovereign capital, and family offices. The fund focuses on delivering sustainable value across the Nordics and select Northern European markets, targeting residential rentals, modern logistics, care homes, student housing, offices, and some hospitality assets. Highlights include the acquisition of Stockholm’s Clarion Hotel and large-scale, community-focused residential and logistics developments. Anchored in ESG and decarbonization, NSF V is classified as an SFDR Article 8 fund, embedding metrics like embodied and operational CO₂, energy efficiency, CRREM alignment, and BREEAM certifications into its investment process—aiming for ~18% IRR and 5–6% annual yield.