Fifth Corner Property Fund II opens with $150m target

Fifth Corner, a Texas-based real estate firm that invests in community-focused “irreplaceable corners” located in fast-growing metros in the United States, has opened a new fund, according to a recent filing with the SEC.

The core-plus fund, known as Fifth Corner Property Fund II, will invest in high-quality retail and mixed-use assets, like its predecessor fund. The first fund in the series had a fundraising target of $50 million but raised $15 million, IREI understands.

Fifth Corner is seeking $150 million for its second fund.