Meridian launches second fund
The Meridian Group has launched its second real estate fund, Meridian Realty Partners II, and is looking to raise $250 million for the vehicle, according to a filing with the SEC.
The fund’s predecessor, MRP I, closed in January 2013 after raising $160 million. The value-add fund focused most of its investment in the Washington, D.C., area, though it did make capital available for other U.S. opportunities.
According to a statement from the firm, MRP I’s acquisitions include the 148,000-square-foot One Ballston Plaza in Arlington, Va.; the 144,000-square-foot Cameron Run in Alexandria, Va.; and the 280,000-square-foot Tysons Technology Center in Tysons Corner, Va. Meridian acquired each of the properties when they were approximately 75 percent leased with the intention of &nbs