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Fundraising - NOVEMBER 19, 2021

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Longpoint Realty Fund II closes nearly 50% above initial target

by Kali Persall

Boston-based Longpoint Realty Partners has completed the final closing of its second institutional fund, Longpoint Realty Fund II, with $669 million of commitments.

The fund was oversubscribed, concluding above its original hard cap of $600 million and nearly 50 percent above its initial target of $450 million. The vehicle was backed by 24 investors, and already has closed on 26 investments since its first closing in April 2020, representing $327 million in gross transaction size.

“We are grateful for the ongoing commitment of our existing investors and the support of our new partners,” said Dwight Angelini, managing and founding partner at Longpoint Realty. “At Longpoint, we focus on understanding the consumer, technological shifts, and evolving supply chain dynamics in order to best provide real estate solutions for logistics challenges.”

Fund II will invest in infill industrial and neighborhood shopping centers located in desirable, densely populated

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