The Southeastern Investment Fund will be in conjunction withCrosland's corporate capital investments, giving the locally baseddeveloper the ability to pursue large-scale, longer-rangedevelopments, according to a company statement. The fund will focuson all the major food groups, particularly multi- and mixed-useprojects with residential, retail and office. A Crosland spokesmancould not be reached by GlobeSt.com's deadline.

The land deals will target primarily urban infill redevelopmentand outlying growth corridors, Crosland execs add, citing thecompany's 35-acre, $200-million-plus South Boulevardtransit-oriented development as one project which will benefit fromthe Southeastern Investment Fund. Another areas in fund's sights isNashville, where Crosland has two infill projects under way,theTerrazzo and Griffin Plaza.

"Through the decades, one of Crosland's competitive advantageshas been our private funding," Todd Mansfield, chairman and CEO ofCrosland, says in a statement. "Historically, this allowed us toinvest in communities with an emphasis on long-term value creationover short-term returns. The Southeastern Investment Fund allows usto strengthen this advantage, while also broadening our reach andexpanding our development pipeline."