Paul Hastings LLP, a leading global law firm, announced today that the firm represented Acadia Realty Trust (NYSE: AKR), a real estate investment trust, in the final closing of Acadia Strategic Opportunity Fund IV LLC (“Fund IV”). The fund has received total capital commitments of approximately $541 million since its initial closing on May 16, 2012.
The fund will target both single property and portfolio transactions in markets with high barriers to entry, dense populations, and a constrained retail supply. Acadia has committed $125 million (23%) of Fund IV’s total capital commitments.
Private Investment Fund partner Joshua Sternoff and associate Joseph Reiss led the Paul Hastings team.
