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Dermody Properties has closed its fourth commingled fund, Dermody Properties Industrial Fund IV, L.P. (DPIF IV), securing $1.043 billion in capital commitments. The close follows the $1.065 billion raised for its predecessor, DPIF III. Every existing investor from DPIF III recommitted to DPIF IV, along with two returning investors from DPIF II and four new investors. The investor base for DPIF IV includes a diverse group of prominent public and corporate pension funds, insurance companies and other institutional investors from the United States, Canada and Europe.