Almanac Realty to commit $300m in growth financing to L3 Capital

Almanac Realty Investors has agreed to provide $300 million in growth capital to Chicago-based L3 Capital, a vertically integrated retail-focused private equity firm.

The investment will enable L3 Capital to continue its value-add investment strategy that focuses on urban retail and mixed-use opportunities within first-tier metropolitan markets throughout the United States.

A leading provider of growth capital to private and public real estate companies, since its 1981 founding, Almanac has raised more than $5 billion for a variety of real estate opportunities.