Miami Beach, Fla. Commercial real estate company Stonemason Partners said Monday it has completed an initial round of fundraising and will launch an aggressive campaign to acquire more than $100 million worth of multi-tenant retail assets and distressed commercial property over the next four years.
The company’s targeted markets lie along the eastern seaboard and throughout the southeastern United States.
“For the past year we have been securing investors nationwide and now find ourselves in a unique position to capitalize on the current market conditions and expand our portfolio of properties,” said Gustaf Arnoldsson, managing member of Stonemason Partners. “We are bullish on the market opportunities and are well-positioned to guide our clients and investors to success through these challenging economic times.”
According to Arnoldsson, the firm concentrates on redevelopment, repositioning and retenanting of acquired properties.