Publications

Fundraising - SEPTEMBER 9, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Acadia Realty fund exceeds $500m target

by Andrea Waitrovich

Acadia Realty Trust has successfully raised $520 million in commitments for Acadia Strategic Opportunity Fund V, exceeding its $500 million target.

This is the fifth in a series of institutional funds dedicated to making opportunistic and value-add investments in U.S. retail real estate.  Fund V will continue to implement Acadia’s location-driven investment strategy, targeting street retail, next-generation street retail, distressed-retailer real estate and other opportunistic retail real estate investments.

With leverage, Fund V has approximately $1.5 billion of buying power.

Of the $520 million of total commitments, $104.5 million was committed by Acadia, and $415.5 million was committed by a diverse group of investors, including university endowments, foundations, pension funds, investment management firms and family offices. Approximately 98 percent of the Fund’s third-party commitments came from existing investors in one or more

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy