MIAMI—Ram Realty Partners has closed on Ram Realty Partners III , L.P., with $150 million in equity commitments. In addition to more than $11 million from the firm's management team and its affiliates, Ram reports that a diverse group of institutional investors and family offices committed to Fund III.

“We continue to grow our team and expand key relationships with new and existing partners,” says Casey Cummings, Ram's CEO. “We firmly believe it is the people that make a difference. When we find opportunities to combine our human resources with our partner's capital, we are able to generate positive results.”

Fund III is primarily targeting value-added acquisitions of well-located retail and multifamily properties in the Southeast. Ram will also continue to pursue distressed debt and recapitalizations of shopping centers and apartment communities.