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Front Street Capital holds final close for real estate fund
Fundraising - JULY 17, 2020

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Front Street Capital holds final close for real estate fund

by Kali Persall

Front Street Capital, a full-service development, asset management, and private equity real estate company based in Winston-Salem, N.C., has raised $40 million for its Front Street Properties Fund II, surpassing the fund’s target by $5 million.

The fund opened to investors in 2018 and held its final close on June 30, according to Triad Business Journal. Front Street Properties Fund II marks the second dedicated vehicle of its kind for the firm, which invests in class A commercial real estate across the Southeast.

“We were fortunate to secure commitments from a very diverse set of limited partners representing the individual, institutional, corporate and not-for-profit investor sectors," said Matt McInnis, partner with Front Street Capital.

He added that the firm more than doubled the size of its capital raise from the fund’s predecessor, Front Street Properties Fund I.

Front Street Properties Fund II has a current market capitalization of a

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