Kyle Campbell

Launched last spring, the lower-risk vehicle is on track to hit its target of $2bn

Metropolitan Real Estate’s head of global secondaries headlines a flurry of personnel moves at the Washington, DC firm

Surpassing its $1bn target, Investment Fund VII will focus on ground-up development in major US markets.

Metropolitan Real Estate’s previous vehicle in the strategy raised $550m.

The Dallas-based firm has unloaded hundreds of properties accumulated in the years following the global financial crisis as European investors embrace riskier investments.

Ron Kravit, ‘one of the main reasons’ one investor committed capital to the company, will step down after 22 years.

Targeting value-add investments throughout the southeastern US, the firm had its most successful round of fundraising to date.