Meridian Collects More Than $231M For DC-Focused Fund
Law360, New York (February 13, 2017, 4:06 PM EST) -- The Meridian Group, a real estate private equity firm exclusively focused on investments in the metropolitan Washington, D.C., area, has closed its second fund with more than $231.6 million in available capital, the firm said on Monday.
The fund, billed as Meridian Realty Partners II LP, brought in $231.6 million from limited partners, according to a statement. With leverage and additional co-investment capital that could become available later on, Meridian anticipates that it will use the fund to acquire properties worth a total of about $1.5 billion over the next several years.
"I am very proud of our management team, which...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!