Longpoint has announced the final closing of Longpoint Specialty Grocer Fund I, which raised a total of $225 million in capital commitments exceeding its initial target of $200 million.

 The fund reflects Longpoint’s experience in acquiring core specialty grocery-anchored neighborhood shopping centers with long-term intrinsic value. The fund targets investments specifically with grocery tenants catering to the unique shopping preferences of a neighborhood’s ethnic, racial, or multicultural population and situated in high-growth markets like Florida, Texas and California.


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Erika Morphy

 

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