Rubenstein Partners markets third fund
Rubenstein Partners has a third fund in the market, according to a filing with the SEC. The filing did not disclose an equity fundraising target.
Rubenstein Properties Fund III follows Rubenstein Properties Fund II, which closed in June 2014 with $500 million in equity commitments. The firm is currently investing the value-added fund’s capital. The firm’s first fund, Rubenstein Properties Fund, closed in 2006, raising $475 million.
Fund II, which opened in May 2012, invests in office properties in the eastern United States, with its primary focus on Boston; New York City; Central/Northern New Jersey; Philadelphia; Wilmington, Del.; Baltimore; suburban Maryland; Washington, D.C.; Northern Virginia; North Carolina; Atlanta; and Flo