Closed-end fund targeting reposition and lease-up returns.

  • Closed-end fund targeting reposition and lease-up returns.
  • Buys Class B/B+ assets, repositions to Class A, leases up, and exits.

Value-add fund

Investment · Global

Short definition

Closed-end fund targeting reposition and lease-up returns.

Full definition

Buys Class B/B+ assets, repositions to Class A, leases up, and exits. Target IRR 13–17% net. Higher leverage (50–65% LTV) than core.

Why this matters for Class A leasing

Value-add fund is part of the investment vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.