WASHINGTON, DC-The Matan Cos. has closed on its latest real estate fund, Matan Fund IV, a $100 million pool of equity that will be enhanced with moderate leverage and strategic partnerships. The company will be investing in three areas over the next 24 months, principal Mark Matan tells GlobeSt.com: one-third of its activity will be devoted to multifamily development; one-third will be its usual government build-to-suit; and one third will be in suburban office market acquisitions.

For the latter asset class—one that has certainly seen better days–Matan says the timing is right. “We think the suburban office market is either at the bottom or close to it. It is attractive now because we are seeing well leased assets that are pricing as poorly as” ones with large vacancies. “So we think it is time to get back in there.”

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