Sterling Organization Closes Firm’s Sixth Fund, First in Logistics Real Estate Space, With $225 Million in Equity Commitments

August 8, 2022

Sterling Organization Closes Firm’s Sixth Fund, First in Logistics Real Estate Space, With $225 Million in Equity Commitments

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The Fund seeks to opportunistically acquire primarily vacant, freestanding retail buildings with the intent to convert them into Neighborhood Fulfillment Centers. The properties are intended to be leased to third-party logistics providers, e-commerce retailers, traditional retailers, and direct-to-consumer manufacturers for the purpose of distribution of consumer goods to solve the “last mile,” or more accurately the LAST HOUR(R), delivery dilemma related to both cost and time.

Read the full article here.