Fundraising - MAY 3, 2017

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

High Street holds $350m final close

by Released 5/3/17

High Street Real Estate Fund V, managed by High Street Realty Co., has held its final close, reaching its hard cap with total equity commitments of $353 million.

Using targeted leverage of 50 percent, the fund will seek to acquire approximately $700 million of assets in its target markets.

High Street Realty Co. formed the fund to continue its strategy of acquiring smaller warehouse distribution assets in the eastern two-thirds of the United States, with a specific focus on class A and class B infill properties fulfilling regional and “last mile” logistics requirements for its tenants.

The fund targets primary distribution markets, including Chicago, Northern New Jersey, Central Pennsylvania, Atlanta, Florida and Texas.

The fund attracted capital from existing investors and several new top-tier, institutional investor relationships. Investors in the fund include insurance companies, public and corporate pension funds, foundations, and other institutio

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy