Longpoint Realty Partners, a Boston-based commercial real estate private equity firm, announced the final closing of its second institutional fund, Longpoint Realty Fund II.
The fund supports Longpoint's on-going strategy to invest in infill industrial and neighborhood shopping centers located in desirable, densely populated US markets. Its first fund garnered $280 million.
Fund II was oversubscribed with approximately $669 million of commitments, above its original hard cap of $600 million and almost 50% above its initial target of $450 million.
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