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Cerberus Raises $2.8 Billion for Distressed Real Estate, Buys Colony Capital Hotels

New York Private Equity Firm Joins Highgate in Purchase of 197 US Properties
<b>Among a Cerberus Capital Management fund’s latest investments was a Hampton Inn &amp; Suites in Lancaster, California. (CoStar)</b>
Among a Cerberus Capital Management fund’s latest investments was a Hampton Inn & Suites in Lancaster, California. (CoStar)
CoStar News
March 30, 2021 | 1:41 P.M.

Cerberus Capital Management has closed fundraising for its flagship global distressed real estate strategy fund, Cerberus Institutional Real Estate Partners V, pulling in $2.8bn.

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News | Cerberus Raises $2.8 Billion for Distressed Real Estate, Buys Colony Capital Hotels