Merlone Geier holds final close
Merlone Geier Partners has held a $900 million final close for its 11th fund, Merlone Geier Partners XI, according to a statement on the firm's website. According to a filing with the Securities and Exchange Commission, the final close was held Sept. 10.
In 2011 the firm closed its 10th fund, Merlone Geier Partners X, with $600 million in equity commitments.
Merlone Geier Partners is a private real estate investment company focused on the acquisition, development and redevelopment of retail and retail-driven mixed-use properties on the West Coast, with a majority of the properties located in California, Oregon and Washington state. The firm targets opportunities where it can add value through lease-up, repositioning, redevelopment or improved management, and is primarily focused on community and neighborhood shopping centers