• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

ACME News Journal

Your Best Daily News Source

ACME NEWS JOURNAL
Your Best Daily News Source

  • Home
  • US
  • BUSINESS
  • REAL ESTATE
  • TECH/SCIENCE
  • WORLD
  • Meet the Team
  • About/Contact

Prado Group raises $200m for US real estate investment fund | News

July 15, 2021 by Staff Reporter

US real estate investor Prado Group has raised an initial $200m (€169.5m) from investors, including Geolo Capital, for a new fund.

The manager said the Prado Alpha Fund intends to raise up to $250m from strategic investors for co-investment with institutional joint venture partners.

John Pritzker, founding partner of Geolo Capital, said: “Geolo Capital is proud to be one of Prado Group’s anchor partners alongside other key strategic investors who are driving much of the ideation and growth in the innovation regions.”

The Alpha Fund’s founding co-investors include private investors from San Francisco, Silicon Valley, Seattle, Los Angeles, Texas and New York.

The core-plus, value-add and opportunistic real estate fund will target existing or new development opportunities in the multi-family, retail and office real estate sector.

Zach Felson, the co-CIO and head of acquisitions for Prado Group, said: “Over the last two decades, Prado Group has achieved very strong returns by aligning with forward-looking and connected partners while executing deep value-add strategies in dynamic high growth, high barrier markets.”

To read the digital edition of the latest IPE Real Assets magazine click here.

View Original Source

Filed Under: REAL ESTATE

Primary Sidebar

More to See

Foreign Real Estate Investors Plot Their Return

As signs that the second wave of COVID-19 is beginning to wane and travel restrictions loosen, foreign investors are looking to return to the U.S., … [Read More...] about Foreign Real Estate Investors Plot Their Return

Markets steady as US jobs report comes in under forecast

Wall Street stocks continued to rise while government bonds softened as investors addressed the effects of US employment reports, which were much … [Read More...] about Markets steady as US jobs report comes in under forecast

Privacy Policy | Terms and Conditions | About/ Contact
Copyright © 2022 · ACME News Journal . Log in