From The Real Deal · TRD Staff · · 40s
Two Sigma's Real Estate Unit Crumbling
Two Sigma's real estate unit halts investments and staff as fundraising fails.
In brief
Two Sigma's real estate unit halts investments and staff as fundraising fails. Two Sigma's real estate unit stops new investments and staff after failing to raise $1 billion in funding. Originally reported by The Real Deal.
Two Sigma real estate unit halts investments
Two Sigma's real estate unit stopped new investments and senior staff after two years of fundraising attempts.
Failed $1 billion fundraising target
The unit couldn't raise $1 billion before pausing efforts, missing its $2 billion target.
Real estate unit still managing existing properties
Staffers remain to manage properties already in the firm's portfolio, including the $52 million Flatiron office sale.
“In March, the Kaufman Organization and AXA Financial sold the 137,000-square-foot office building at 40 West 25th Street in the Flatiron District to Kaufman Investments and Two Sigma Real Estate for $52 million, or $380 per square foot.”
The big picture
Two Sigma's real estate unit stops new investments and staff after failing to raise $1 billion in funding.
