Publications

Fundraising - APRIL 3, 2013

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

Sign in Sign up for a FREE subscription

Latitude Management raises $242.2 million for third fund

by Andrea Waitrovich

Latitude Management Real Estate Investors, formerly Legg Mason Real Estate Investors, has raised approximately $242.2 million for its value-added fund Latitude Management Real Estate Capital III, according to a filing with the Securities and Exchange Commission. The fund has a $550 million fundraising goal. A final close date was not disclosed.

Latitude Management Real Estate Capital III will acquire assets between $5 million and $25 million. Approximately 50 percent of its equity will be invested in multifamily properties, and the remaining capital will be diversified into multi‐tenanted office, multi‐tenanted industrial, limited-service hospitality, and grocery-anchored and urban infill multi‐tenant retail properties. Latitude Management will see

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.