Asana attracts $1.5bn in latest commercial RE fund

Asana Partners closed the third fund in its value-add flagship series this month with a focus on distinctive neighborhood real estate retail opportunities.

Asana Partners Fund III raised $1.5 billion with the focus on buying and repositioning mixed-use assets in high-quality urban and near-urban neighborhoods in the U.S. The fund was oversubscribed within six months of beginning its marketing process, officials said at the Charlotte, North Carolina firm.

“We are grateful for the confidence and support of our existing investors and are excited to formalize partnerships with a number . . .

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