Acadia Realty Trust Closes $520 Million Real Estate Fund

September 09, 2016

NEW YORK – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Acadia Realty Trust in the formation and final closing of a new private investment fund.

Acadia Strategic Opportunity Fund V LLC secured $520 million in capital commitments to target opportunistic and value-add investments in retail real estate.  The fund was oversubscribed and exceeded its $500 million target, and held its final close within one month of launch.

Private Investment Funds partner Joshua Sternoff and associate Max Rosenberg led the Paul Hastings team.

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