Lone Star Real Estate Fund III (U.S.), L.P. and Lone Star Real Estate Fund III (Bermuda), L.P. (collectively “Lone Star Real Estate Fund III”), formed in October 2013, held their final closings in October 2013 with approximately $7.0 billion in combined capital commitments. Over its 19 month investment period, Lone Star Real Estate Fund III invested substantially all of its equity capital in 20 investments comprised of 1,314 assets with an aggregate purchase price of approximately $20.6 billion. Transactions consummated by Lone Star Real Estate Fund III included investments in commercial real estate debt and equity products in the U.S., Europe and Japan.
Lone Star Real Estate Fund III’s investment activity was focused on opportunities in Europe, with approximately 90% of equity capital invested in commercial real estate transactions in Europe. Investments primarily consisted of commercial real estate loan portfolios, direct real estate and commercial real estate companies across the United Kingdom, France, Spain, Portugal, Ireland, the Netherlands and certain countries in Eastern Europe.