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Report: SARES-REGIS to roll out 3rd real estate fund by 2017-end

SARES-REGIS Group is preparing to launch its third real estate fund with an equity target of $400 million, PERE News reported.

Sares-Regis Multifamily Value-Add Fund III could be launched by the end of 2017, according to the report.

The multifamily fund manager, through its series of funds, focuses on repositioning class B multifamily properties in the western U.S. For Fund III, it is expected to include California and the Denver, Phoenix, Seattle, and Portland, Ore., metropolitan markets, PERE noted.