Hines, a global real estate firm based in Houston, has launched a fund targeting real estate investments in major markets in the U.S.

The Hines U.S. Property Partners fund has raised  $750 million, including a $100 million commitment from the company. Backed by public pension funds, insurance companies, non-profits and family offices serving high-net-worth investors, the fund will target investments in living, industrial, office and mixed-use sectors, along with niche areas such as life sciences and self-storage.

“As real estate continues its transformation into a service, we believe investors are finding increased value to work directly with large-scale operators who can bring innovation, flexibility and simplicity for the ultimate customers, which are our tenants,” Hines Global Chief Investment Officer David Steinbach said in an announcement. “This fund will provide investors with direct access to our best…

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