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Clal Backs New York Life in its First Dedicated Value-Added Investment Fund

(COSTAR) - 10 months ago
 Crestone at Shadow Mountain in the North Phoenix submarket is an example of a New York Life value-add investment. New York Life Real Estate Investors held final closing of its first dedicated national value-add vehicle, The Madison Square Value Enhancement Fund. The fund, with more than $300 million of capital committed for spending, will invest in office, multifamily, and industrial property located in primary and secondary markets in the United......
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