BOSTON–Longpoint Realty Partners, a prominent commercial real estate private equity firm based in Boston, has announced the final closing of its second institutional fund, Longpoint Realty Fund II, L.P. (“Fund II”). Demonstrating strong investor confidence, Fund II was significantly oversubscribed, securing approximately $669 million in commitments, exceeding its initial hard cap of $600 million and nearly 50% higher than its original target of $450 million.
Building upon the success of its first fund which raised $280 million, Longpoint Realty Partners’ Fund II will continue to execute the firm’s successful investment strategy. This strategy is centered around acquiring infill industrial and neighborhood shopping centers within highly desirable and densely populated markets across the United States.
Dwight Angelini, Managing & Founding Partner at Longpoint Realty Partners, expressed his gratitude and vision for the future: “We are deeply thankful for the continued commitment from our existing investors and the valuable support of our new partners. At Longpoint, our core focus is on anticipating consumer behavior, understanding evolving technological landscapes, and adapting to shifts in supply chain dynamics. This allows us to effectively provide real estate solutions that address modern logistics challenges. We are excited to leverage our proven platform to generate substantial value for all of our stakeholders.”
Fund II by Longpoint Realty Partners attracted commitments from 24 diverse investors and garnered the backing of four consultants. Notably, Fund II, which commenced its first closing in April 2020, has already finalized 26 investments, representing a total gross transaction value of $327 million.
Hodes Weill Securities, LLC played a crucial role in the success of this fundraise, acting as the placement agent for Fund II. Speaking about their contribution, Angelini noted, “With this exceptionally successful fundraise, Hodes Weill has once again proven its reputation as the leading capital advisory firm in the real estate and funds management sector. We are extremely satisfied with the outcome, which underscores their profound understanding of our business, their extensive network of relationships, and their efficient execution capabilities.”
About Longpoint Realty Partners
Longpoint Realty Partners is committed to investments driven by deep market knowledge and insightful strategies. The firm prioritizes understanding consumer needs, developing properties that are relevant to their local communities, and implementing environmentally sustainable practices. Operating with integrity, discipline, and a passionate approach, Longpoint is dedicated to serving both its investors and community members. The name “Longpoint” is inspired by the Long Point Wildlife Refuge, a 600-acre nature preserve located on Martha’s Vineyard. Reflecting the resilience and adaptability of this natural sanctuary, Longpoint Realty Partners is structured to thrive in diverse market conditions, effectively capitalizing on opportunities within the ever-evolving commercial real estate landscape.
