DENVER—Northstar Commercial Partners, a privately-held commercial real estate investment firm, has launched the Northstar Real Estate Opportunity Fund II, LLLP, a planned $300 million private equity fund focused on institutional as well as private qualified or accredited investors who are targeting real estate investments across the US.
Since its founding in 2000, Northstar has structured attractive investments in industrial and office properties on a vacant, distressed, or leased basis. The new fund is designed to leverage the company's experience during the past 16 years and acquire and reposition distressed real property assets located primarily near Denver, Salt Lake City, Phoenix, Dallas, Houston, Las Vegas, Seattle, San Francisco and Southern California.
The fund may also invest in vacant properties that, upon closing, will be 100% leased pursuant to long term leases (approximately 10 years or longer) on a triple net basis to tenants, designed to create both the potential for significant returns and strong cash flow for the Fund.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
