(Read more on the debt and equity markets.)
NEW YORK CITY-Stonehenge Partners Inc. has closed on a new $500-million real estate equity fund, Stonehenge Fund III. The company will use this fund to acquire office, retail and residential properties as well as targeting high-yield debt opportunities in the Tri-State area.
“Stonehenge is very excited about having this equity capital available in the current environment,” notes Ofer Yardeni, one of the two managing partners at the company. “Stonehenge believes that given New York's economic strength, supply and demand imbalance and the scarcity of prime developable land, long-term value appreciation is expected.” Yardeni adds that Stonehenge remains focused on investments in a market in which real estate fundamentals remain very strong.
Continue Reading for Free
Register and gain access to:
- 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
© 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.