ST. PETERSBURG, FL—Locally-based Cantor Fund Management, LLC reports it has held a first close on approximately $100 million for its second offering called Cantor Real Estate Income & Opportunity Fund II.
Company officials say that it plans to take its Fund II, which is currently structured as a limited partnership, public and convert investors' interests into shares within the next three years in order to capitalize on opportunities in the REIT market
“Given the still-volatile stock market and given the state of the economy with historically low interest rates, LPs are looking for better, more consistent yield. Real estate offers a stable alternative investment in the form of a hard asset, is significantly value-priced, and will continue to be over the next several years as there are terrific assets trading well below replacement cost,” Cantor COO Stephen Collins says.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
