left-caret
News

News

Paul Hastings Represents Sterling Organization in Forming First Fund

January 09, 2013

New York, NY - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Sterling Organization, a privately owned retail real estate investment and services company headquartered in Palm Beach, FL , in forming its first fund, Sterling Value Add Partners, LP, which has received total capital commitments of $138 million, exceeding their target of $125 million.

The fund is seeking to invest in fundamentally sound grocery anchored shopping centers and power centers in major markets with dense populations, high traffic counts, high barriers to entry and low anchor rental rates that have a value-add component. With leverage, it is expected that the fund will have investment buying power of $400 million.

, the global head of Paul Hastings Private Investment Fund Practice Group, led the firms efforts on the formation of the fund, aided by tax partner and associates , and .

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.

Practice Areas


SIGN UP FOR NEWS INSIGHTS

MEDIA CONTACTS

Firmwide Inquiries
Arielle Lapiano
Submission Requests
Alan Wright
Corporate, Litigation, Real Estate, and Tax
Scott Wasserman
Intellectual Property, Life Sciences, and Employment
Becca Hatton
Europe
Rostrum