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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.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.