Fundraising - SEPTEMBER 9, 2016

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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

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