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Townsend markets second real estate fund

by Andrea Waitrovich

The Townsend Group has a new fund in the market, according to an SEC filing, raising $132.5 million. A fundraising target was not disclosed in the filing.

Townsend Real Estate Alpha Fund II follows the global, opportunistic, multi-strategy real estate fund Townsend Real Estate Alpha Fund, which closed in January 2014 with $357.5 million in capital commitments. 

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