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Vestar Launches Retail Fund, Targets $250M

PHOENIX-The fund will acquire value-add retail properties ranging from $20 million to $100 million in the West and Southwest regions of the US.

By Natalie Dolce | Updated on December 01, 2011

PHOENIX-Vestar has launched a retail investment fund, Vestar Strategic Retail Partners, looking to raise $250 million of equity capital by mid-year 2012. The fund will acquire value-add retail properties ranging from $20 million to $100 million in the West and Southwest regions of the US. 

The reserve will consider individual properties and portfolios, according to a prepared company statement. Once raised, the collective will be Vestar’s exclusive vehicle for acquiring properties.  Dallas-based Stephen Inc. is marketing it to investors.

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