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.

 "In 2015, we set out to cultivate culturally relevant shopping centers focused on the evolving needs and demographics of our communities – this exemplifies our tagline of 'Welcome to the Neighborhood,' or 'Bienvenidos a Nuestro Barrio,'" said Dwight Angelini, managing and founding partner in prepared comments. "The shopping centers we invest in serve as the hearts of our communities, providing critical necessity-based goods and services, which insulates these properties from macroeconomic disruption."