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New Urban Investment Fund

Posted by: Chris Steins
Thanks to: Peter Slatin
3 March 2005 - 5:00am

A new fund unveils a new partnership for new investment in old cities.

Fund manager UrbanAmerica, which in the late 1990s was a pioneer of institutional investing in non-core urban areas in cities across the U.S., is launching its second fund, UrbanAmerica II....

UrbanAmerica president and CEO Richmond McCoy says the fund’s target is $300 million in equity, to invest in and develop almost $1 billion in value-added property from supermarket-anchored retail, to office buildings, to high-rise urban condos.

Full Story: Urban Turbine
Source: The Slatin Report, March 1, 2005
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