Drake Real Estate Partners Announces Final Close of DREP Fund IV Exceeding Target at $410+ Million

Drake Real Estate Partners has closed its fourth flagship fund, adding key strategic U.S. investors to its diverse capital base.

(New York – January 4, 2022) – Drake Real Estate Partners, a real estate investment and asset manager targeting under the radar value-add investment opportunities, announced the closing of its fourth flagship fund, Drake Real Estate Partners Fund IV (“DREP Fund IV” or the “Fund”) with more than $410 million in commitments, exceeding its target raise of $350 million.