An investment firm backed by Carlyle Group Inc. co-founder David Rubenstein and other members of the world’s rich is bolstering its US real estate investments as the sector shows signs of recovery.
Declaration Partners has raised $303 million from family offices and wealthy individuals including Rubenstein for its second real estate fund, which will invest in areas such as multifamily housing and industrial properties, according to a statement Tuesday from the New York-based firm.
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