New York, NY
(August 16, 2012) - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Acadia Realty Trust (NYSE: AKR), a real estate investment trust, in the final closing of Acadia Strategic Opportunity Fund IV LLC (Fund IV). The fund has received total capital commitments of approximately $541 million since its initial closing on May 16, 2012.
The fund will target both single property and portfolio transactions in markets with high barriers to entry, dense populations, and a constrained retail supply. Acadia has committed $125 million (23%) of Fund IV's total capital commitments.
Private Investment Fund partner Joshua Sternoff
and associate Joseph Reiss
led the Paul Hastings team. Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.