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Monday, July 30, 2018

PERE: How to Raise a Successful Retail RE Fund


PERE's Lisa Fu reports:

"The Sterling Organization's $495 million value-add retail real estate fund challenges the notion that e-commerce has killed brick and mortar retail.

The Florida-based real estate firm closed its fourth discretionary closed-end fund, Sterling Value Add Partners III, last week. Raising $495 million in capital commitments over 10 months, the firm exceeded its $450 million target and has nearly reached its $500 million hard-cap."

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