January 11, 2019
Boston-based Longpoint Realty Partners closed on its inaugural real estate private equity fund, Longpoint Realty Fund I, LP with $280 million in equity commitments. The fund received broad support from a diverse mix of U.S. and Europe-based investors who understand the nexus that exists between the retail and industrial sectors.
Longpoint’s Dwight Angelini says, “We focus on the convergence between the retail and industrial sectors, which is generating attractive investment opportunities. Our understanding of the fundamental changes in consumer behavior and its impact on an evolving supply chain, gives us insight into our tenants’ practices and the property-level specifications required to grow NOI and asset value.”
Through its value-add operating platform, Longpoint invests primarily in underperforming industrial properties and neighborhood shopping centers in select U.S. markets. The fund is approximately 25% invested, with a portfolio that includes 15 assets totaling roughly 1.8 million square feet.
*Pictured: Country Isles Plaza, a 110,000-square-foot Publix-anchored retail property in Ft. Lauderdale.
For comments, questions or concerns, please contact Dennis Kaiser