PHILADELPHIA – The New Jersey-based, private equity real estate firm, Lucern Capital Partners has launched a real estate investment fund, focused on multifamily and mixed-use investments the Philadelphia metropolitan area.
Lucern Philadelphia Value Fund I LP is targeting a minimum equity capital commitment of $25 million, with a targeted deployment of $75 million in asset value with leverage.
Lucern Capital Partners has been active in the Philadelphia area for the past decade.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.