Deutsche Finance Group has started placing the “Investment Fund 21 – Club Deal Boston IV”. The fund is financing two laboratory and office buildings in the US metropolis of Boston, has considerable prospective equity and is the last of its kind for the time being.
The alternative investment fund (AIF) is the successor to the “DF Deutsche Finance Investment Fund 20 – Club Deal Boston III”, which was placed in the spring, which raised around 135 million US dollars within eight weeks and was thus significantly above the prospectus fund volume of 100 million US dollars. dollar has been closed.
The “DF Deutsche Finance Investment Fund 21 – Club Deal Boston IV” enables private investors together with institutional investors in two project developments for laboratory and office buildings with a total net rental area of approximately 63,200 square meters and in the further development of the life science campus “Boynton Yards”. to invest in the US metropolis of Boston.
The institutional Club Deal is Deutsche Finance Group’s fourth and fifth lab office project in Boston and is located regarding two kilometers from the Kendall Square and Harvard Square neighborhoods of Cambridge, which are considered the hub of biotech and pharmaceutical research in the United States region apply.
$200 million prospected equity
The fund has prospective equity of 200 million US dollars and has a planned term of around four years with a projected total cash return of 140 percent. The accession phase is scheduled to end on June 30, 2023.
“We are very pleased to be able to offer another and, for the time being, last institutional club deal for private investors in the field of life science real estate with the ‘DF Deutsche Finance Investment Fund 21 – Club Deal Boston IV’. The successful sale of the first club deal, ‘101 South Street’, ahead of schedule and above plan, confirms our strategic approach and continues to show the high demand for attractive lab office investments in the Boston area,” says Peter Lahr, Managing Director of Deutsche Finance Solution GmbH and Markus Spengler, Managing Director of Deutsche Finance Capital GmbH. Deutsche Finance had its first Club Deal Boston in February 2022 following 27 months with a total return of 140.1 percent completed.
