Dallas Firm Launches $1B Industrial Real Estate Fund

Law360, New York (November 12, 2013, 1:27 PM EST) -- Dallas-based real estate company Hillwood Development Co. LLC has closed on a new fund to make both direct and indirect investments in industrial real estate across the U.S., spending more than $1 billion over the next several years, Hillwood announced Tuesday.

Hillwood, which is owned by Ross Perot Jr., teamed up with a major unnamed sovereign wealth fund to launch the new investment vehicle, which has an expected total equity amount of $400 million.

More than half of the equity has already been committed, and the...
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