AEW Capital Management Closes Fifth Real Estate Opportunity Fund
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| AEW Capital Management worked on behalf of a Lucent Technologies pension fund to buy 14 Aegean Drive in Methuen earlier this year. The 234,000-square-foot industrial property was purchased for $18.7 million. |
By Joe Clements
The buying spree is well underway by AEW Capital Management for its fifth real estate opportunity fund, but the Boston-based advisory firm reached a significant milestone last week following the closing of the massive investment vehicle, which now has a total equity capitalization of $686 million.
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