DeBartolo Community Retail Fund, L.P.
“A
Socially Responsible Investment”
DeBartolo Development, LLC, one of the nation’s premier retail
shopping center developers, is partnering with the National
Community Reinvestment Coalition to launch the DeBartolo Community
Retail Fund, L.P. The Fund is seeking to raise up to $400 million
of equity, which it will primarily use to acquire, renovate, and
reposition retail shopping centers located in low-to-moderate income
communities, create much-needed jobs and have a positive impact on
economic structures throughout the United States. Up to a third of
the Fund’s capital will be dedicated to the ground-up development of
centers in these areas. As one of the largest, privately-held real
estate development companies in the country, DeBartolo has a 60 year
history of success. Drawing on this experience and expertise, the
Fund will target an IRR of 14-16% over an expected four to seven
year hold period.
To find out more, visit
our website:
http://debartolodevelopment.com/