High Street Raises Over $350 Million for Core-Plus Industrial Fund
On May 1, 2017, High Street Real Estate Fund V, L.P. (the “Fund”) held its final close, reaching its hard cap with total equity commitments of $353 million. Utilizing targeted leverage of 50%, the Fund will seek to acquire approximately $700 million of assets in its target markets.
High Street Realty Company, LLC (“High Street”) formed the Fund to continue its successful strategy of acquiring smaller warehouse distribution assets in the eastern two-thirds of the United States, with a specific focus on Class A and B infill properties fulfilling regional and “last mile” logistics requirements for its tenants. The Fund targets primary distribution markets, including Chicago, Northern New Jersey, Central Pennsylvania, Atlanta, Florida and Texas.
The Fund attracted capital from existing investors and several new top-tier, institutional investor relationships. Investors in the Fund include insurance companies, public and corporate pension funds, foundations and other institutional investors from the United States and Europe.
To date, the Fund has acquired 19 assets that, in aggregate, represent approximately 34% of the Fund’s total commitments. The Fund’s investors are benefiting from the Fund’s focused strategy and High Street’s efficient execution, which allowed for the rapid deployment of a significant portion of the Fund’s capital during the fundraising period.
Accord Capital Partners LLC, along with its affiliate Accord Europe Limited, served as exclusive global capital advisor to High Street.
ABOUT HIGH STREET REALTY COMPANY, LLC
High Street Realty Company, LLC is a recognized private equity real estate investment management company focused exclusively on institutional quality industrial assets in major markets across the eastern two-thirds of the United States. With extensive expertise across all facets of real estate acquisition, finance, development, operations, disposition, portfolio and asset management, it is an experienced, institutional and hands-on operator committed to providing both outstanding service to its tenants and superior risk-adjusted returns to its investors. For further information on the High Street platform, visit: www.hsrealtyco.com/ .
ABOUT ACCORD CAPITAL PARTNERS LLC
With headquarters in San Francisco and additional offices in Chicago and London, Accord Group Holdings LLC (“Accord”) harnesses a powerful combination of capital markets, investment management and principal investment capabilities for a wide variety of participants in the real estate private equity industry globally. Through Accord Capital Partners LLC, its broker/dealer affiliate in the United States, Accord provides advisory and capital raising services to its clients. For further information on Accord, visit: www.accord-group.net .
ACCORD GROUP HOLDINGS LLC
Desi Co, +1 415-544-7862
Cell: +1 415-999-0574
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
DC-LEOSAT16.11.2018 07:02 | pressemeddelelse
FCC Grants LeoSat U.S. Market Access
CO-MPEG-LA16.11.2018 06:03 | pressemeddelelse
German Court Rules Huawei, ZTE Products Infringe AVC Patents
NY-INTERNATIONAL-FLAVORS15.11.2018 22:17 | pressemeddelelse
IFF-LMR Naturals Leads Industry with 90 Certified Vegan Natural Extracts
NV-RIMINI-STREET15.11.2018 21:02 | pressemeddelelse
Rimini Street Expands Investment and Operations in Asia-Pacific
SARTORIUS-STEDIM-BIOTECH15.11.2018 19:17 | pressemeddelelse
Sartorius Stedim Biotech and Lonza Modify Relationship for Supply of Cell Culture Media
INTERTOPS-POKER15.11.2018 18:48 | pressemeddelelse
Intertops Poker Launches its 20 Event Strong SOFT Series for its Recreational Player Base
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum