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ELLICOTT CITY, MD-August fundraising by the direct investment industry, including both non-listed REITs and business development companies, set a new monthly record on top of the previous month’s record. In a four-week period that traditionally sees a slowdown in activity due to vacations, the industry topped $2.6 billion. Coupled with July’s total, the tally for the most recent two months alone has been close to half the $6.5 billion recorded for the first six months of 2012, according to the Investment Program Association, a trade organization headquartered here.

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