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North American retail fund raises $25m

by Zoë Wolff

Ontario-based North American Development Group has begun fundraising for NADG Real Estate Opportunity Fund, according to a filing with the SEC.

The fund is seeking to raise $250 million and has so far raised $24.7 million.

North American Development Group has been involved in the development, acquisition, redevelopment and management of more than 200 shopping centers in the United States and Canada. NADG’s current projects include shopping centers in Atlanta, Halifax, Montreal and Miami.

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