Strategic Partners II will purchase, reposition, develop and sell institutional quality properties in the U.S. Multifamily, office, industrial and retail properties will be targeted in markets identified by CB RichardEllis Investors research.
The total capitalization of Strategic Partners II is expected to be over $700 million, according to Vance Maddocks, president of the General Partners of Strategic Partners. The predecessor fund, Strategic Partners I, has closed or committed to $710 million of office, multifamily and industrial investments during the past 18 months.
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