Acadia Realty Trust Closes $520 Million Real Estate Fund
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.
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