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Thursday, December 18, 2014

PE HUB: Sterling Organization raises $311 mln for second retail real estate fund


PE Hub's Iris Dorbian reports:

"Real estate investment firm Sterling Organization has raised $311 million for its second fund, beating its $275 million target. Sterling Value Add Partners II's LPs include domestic endowments, foundations, private and public pension plans, fund of funds and family offices. The pool will focus on shopping centers, power centers, enclosed malls, mixed-use properties and urban retail assets in major markets in the U.S."

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