REAL ESTATE NEWS

Capital in the billions keeps flowing into the hands of Bain Capital. This time, Bain Capital Real Estate Fund III has fetched about $3.4 billion from investors. Company employees contributed a total of $300 million, while the fund additionally garnered big support from existing global partners.

Fund III is seeking value-add plays in areas where supply is limited with high demand. This includes through various CRE sectors, including open-air retail, medical outpatient buildings, urban infill industrial, senior housing, marinas, storage facilities, hospitality, leisure, rentable townhomes and digital assets.

That comes just a month after Bain Capital, along with 11North Partners, raised up to $1.6 billion for an open-air retail strategy that focuses on core plus and value-add retail centers in both the U.S. and Canada. Now, that takes Bain's recent capital raisings to more than $5 billion, according to the Boston-based firm.

?We are grateful for the continued support of our limited partners and their conviction in our strategy and growing platform, which have delivered strong performance through one of the most challenging real estate cycles in decades,? Ryan Cotton, partner and head of Bain, said in a statement.

?Our thematic focus, underpinned by rigorous analysis and collaboration across Bain Capital?s platform, combined with disciplined selectivity and active management, positions us well to invest successfully across cycles."

In terms of major investments, Bain, along with 11North in the open-air retail strategy, acquired a 1.1 million square foot portfolio in the Southeast for $395 million, as previously reported by GlobeSt in August 2025. Also, that year, Bain teamed up with Oliver Street Capital to acquire an 11-property industrial portfolio in Northern New Jersey for $208 million and bought Concert Golf Partners, which operates country clubs and private golf courses in the nation.

Source: GlobeSt/ALM