Halstatt holds $67m close on second fund
Halstatt Real Estate Partners has held a $66.9 million close on Halstatt Real Estate Partners Fund II, according to a filing with the SEC.
The fund launched in December 2013 with a $125 million fundraising goal, leaving it with $58 million in capital still to raise to hit its equity target. It will likely invest primarily in Florida, as the firm’s portfolio consists entirely of assets in the state, such as Tanglewood Marketplace, a 48,615-square-foot retail center in Naples, Fla., and Bay Colony, a 13.7-acre residential development unit located in Juno Beach, Fla.
Halstatt Real Estate Partners was formed by the Sproul family in Southeastern Florida, and currently has more than $100 million in assets under management.