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RD Capital fund to acquire $270m in RE investments.

RD Capital fund to acquire $270m in RE investments

RD Capital announced that it has formed its third real estate acquisition fund, RD Capital Realty Partners, L.P. The fund's goal is to acquire over $250 million of real estate over the next three years. The fund will acquire individual properties and real estate or mortgage portfolios with values in the range of $20 to $100 million.

Acquisitions will include distressed and under-performing real estate located throughout the United States. Primary emphasis will be equity ownership in multi-family housing, retail properties and industrial buildings. The fund is also seeking to purchase non-performing loans secured by real estate.

RD Capital, as general partner for the fund, will be responsible for locating, acquiring, and managing the properties. RD Capital is a New-York based real estate company. The company owns and manages a diversified real estate portfolio containing several million square feet with a concentration of retail and multi-family properties.
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Title Annotation:real estate
Publication:Real Estate Weekly
Article Type:Brief Article
Date:Oct 16, 1991
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