Miami-based Parmenter Realty Partners, a real estate investment firm, is closing its latest fund. The new fund, the Parmenter Realty Fund I, has $500 million in commitments.

The vehicle will pursue assets on a national basis, employing leverage of 75% to purchase assets worth $1.5 billion. The investors include large institutions, university endowments, foundations, fund of funds and select high net worth families.

Click here for the release from Business Wire.