You can now read 10 articles each month for free on BostonGlobe.com.

The Boston Globe

Business

Davis Cos. raises $414m for 2d real estate fund

Davis Cos. of Boston said it raised $414 million for its second real estate development fund. Called Davis Investment Ventures Fund II, the fund plans to focus on properties in the Northeast and will also use debt to invest in up to $1.2 billion worth of real estate.

Davis said it currently owns and manages about 6 million square feet of real estate in the region with a 95 percent occupancy rate. The firm recently acquired a 75,000-square-foot office building in the South Boston Innovation District.

Loading comments...

You have reached the limit of 10 free articles a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than $1 a week