ST. PETERSBURG, FL—Locally-based Cantor Fund Management,LLC reports it has held a first close on approximately$100 million for its second offering called Cantor RealEstate Income & Opportunity Fund II.
Company officials say that it plans to take its Fund II, whichis currently structured as a limited partnership, public andconvert investors' interests into shares within the next threeyears in order to capitalize on opportunities in the REITmarket
“Given the still-volatile stock market and given the state ofthe economy with historically low interest rates, LPs are lookingfor better, more consistent yield. Real estate offers a stablealternative investment in the form of a hard asset, issignificantly value-priced, and will continue to be over the nextseveral years as there are terrific assets trading well belowreplacement cost,” Cantor COO Stephen Collinssays.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
