The Carlyle Group Raises $950 Million for Fourth U.S. Real Estate Fund; Total U.S. Real Estate Assets Under Management Exceed $8 Billion

Washington, DC - Global private equity firm The Carlyle Group today announced that it has raised $950 million for its fourth U.S. real estate fund, Carlyle Realty Partners IV. Carlyle Realty Partners makes opportunistic investments in the United States in the office, hotel, industrial, retail, for-sale residential and senior living sectors.

Carlyle Realty Facts:

• Focuses on major markets, with a large proportion of investments in the Washington, DC, New York City, and Southern California markets


• Invested more than $1.3 billion in the Washington, DC, area since December 2003


• Total capitalization of investments to date exceeds $8 billion

Select Significant Investments:

Office

• One Wilshire (30-story, Class B tower in Los Angeles)


• Metropolitan Tower (18-story, Class A building in Midtown Manhattan)


• 261 Fifth Avenue (34-story, Class B building in Midtown Manhattan)


• 1275 K Street (235,000 square foot Class B building in Washington, DC)

Hotel

• 8th Avenue Hotels (two properties containing 668 rooms in Midtown Manhattan)


• Chicago Downtown Marriott (1,192-room hotel in Chicago)

For-Sale Residential

• The Orion (60-story, 550-unit condominium development in Midtown Manhattan)


• Clarendon 1021 (420-unit condominium building in Arlington, VA)

Retail

• Parkway Crossing East (120,000 square foot retail development in Woodbridge, VA)


• Paradise Esplanade (58,000 square foot retail development in Las Vegas)

Senior Living

• Sunrise of Westlake Village (85-unit senior living development in Westlake Village, CA)


• Huntington Terrace (191-unit senior living property in Melville, NY)

Mixed-Use

• Park Place (Office, retail, residential, hotel and arts complex in Annapolis, MD)

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