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Cypress raises $195 million for retail fund
Cypress Equities has raised $195 million for its Cypress Acquisition Partners Retail Fund, according to a filing with the Securities and Exchange Commission. The value-added/opportunistic fund launched in March 2012 with a $300 million fundraising goal and will purchase or develop shopping centers, power center retail, shopping malls and mixed-use properties.
Cypress Equities companies have been actively involved in almost 80 real estate projects, including both fee-based activities and principal investments, valued at more than $2.6 billion, including nearly $500 million of total invested equity. The portfolio of projects consists primarily of commercial development, investment and sale-leaseback transactions, including more than 14 million square feet of retail, office, residential,