With the legalization of cannabis, there is a lot of excitement for new real estate uses, but there are still challenges to investing.
With MIELE II Sarl, a Luxemburg fund, Madison International Realty has purchased a 5% equity stake in Signa Prime, a $14 billion (€12.5 billion) European real estate portfolio.
The fund has a target of raising $50 million in equity and will target single-tenant net lease assets.
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