Paul Hastings Represents Sterling Value Add Partners II in the Formation of a $311 Million Fund
New York, NY - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Sterling Value Add Partners II, L.P. and its sponsor, The Sterling Organization, LLC, in the formation of a $311 million private investment fund that will focus on acquiring and managing value-add retail and mixed-use real estate investments in various target markets in the United States. The Fund held its final closing on December 9, 2014, raising capital from a diverse investor base including, among others, public and private pension funds, endowments and private foundations. Paul Hastings also represented the Fund in establishing a $75 million subscription line credit facility.
The Sterling Organization is a full service, vertically integrated real estate investment firm headquartered in Palm Beach, Florida. Paul Hastings previously represented The Sterling Organization in the formation of its initial $138 million fund, Sterling Value Add Partners, L.P.
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