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Sign in Sign up for a FREE subscriptionUPDATED: The Milestone Group launches fifth real estate fund
The Milestone Group, a Florida-based real estate investment manager, has opened a fifth fund to investors, according to an SEC Form D filed Aug. 20.
The fund, known as Milestone Real Estate Investors V, already has attracted several institutional investors, who committed roughly $319 million. An equity fundraising target was not disclosed.
Similar to its predecessors, the closed-end value-add fund will invest across the real estate spectrum, acquiring debt, multifamily and distressed properties throughout the United States. The fund’s direct predecessor, Milestone Real Estate Investors IV, raised $320 million. Prior to that, Fund III collected $108 million against a $300 million target in 2012.
