Pearlmark's Aslan funds represent a series of four domestic, value-added real estate investment vehicles initiated in 1999. The latest fund, Aslan IV, is the “flagship” of Pearlmark's investment activity and totals $331 million in capital commitments from institutional partners and high net worth investors. Aslan III targeted domestic real estate assets that were undervalued or demonstrated strong prospects for value creation, with a focus on office, industrial, and retail properties. Investments for Aslan IV will be pursued nationwide through one-off acquisitions (typically with a cost of $50 to $150 million), as well as larger portfolio or entity transactions. Aslan III invested in a geographically diversified portfolio of 40 office and 6 retail properties totaling 12.4 million square feet, and fifteen mezzanine loan investments, representing a gross investment of $2.8 billion.