PHILADELPHIA-Rubenstein Partners is back in the commercial real estate acquisitions market after four years. The private-equity firm recently closed on four deals totaling $70 million and has about $150 million of equity in the pipeline for future investments.
The firm hasn't been active on the acquisition side since 2007. That year, in a joint-venture deal with Barry Real Estate Cos., the firm bought three-million square feet of office properties in Atlanta from Equity Office for $500 million.
These newestRubenstein transactions took place in four states: New Jersey, North Carolina, Ohio and Virginia. All four are considered value-added plays by the firm.
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