FD Stonewater, a fully integrated real estate investment, development, and brokerage firm, has received a $20 million commitment to the firm’s discretionary FD Stonewater STAR Evergreen Fund from a Top 125 U.S. corporate pension plan.
The STAR Fund launched in late 2022 to pursue a value-add, single-tenant active return (STAR) strategy focused on assembling a diversified portfolio of mission-critical, single-tenant real estate assets in U.S. secondary and tertiary markets across the industrial, government, research and development and office sectors.
“This is an exciting time for the STAR Fund, securing an anchor institutional investor of this magnitude and caliber,” said Jeff Toporek, principal and co-founder of FD Stonewater. “Despite the most challenging capital markets environment we have seen in decades, our team has remained persistent in driving aw