Federal Capital Closes $529M RE Fund

Law360, New York (July 23, 2012, 3:00 PM EDT) -- Privately held real estate investment company Federal Capital Partners has closed its second multifamily, office and retail property fund at $529.2 million, nearly $30 million more than expected, it said Monday.

The company has already invested $103 million in 14 new assets, valued at $367 million, through FCP Realty Fund II LP, and expects that the fund will have an ultimate investment capacity of about $1.5 billion.

Subscribers were overwhelmingly institutional investors, including pension funds and foundations that participated in FCP's first fund, plus a few...
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