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Monday, March 16, 2015

PERE: Sterling raises $101m for third RE fund


PERE's editor Evelyn Lee reports:

"Sterling Organization is raising its first core-plus real estate fund, Sterling United Properties I, according to a person familiar with the fund. The firm is said to held a close of $101 million on the fund, which has an equity goal of $150 million, the source said. Sterling declined to comment."

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