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Lingerfelt Commonwealth closes 2nd value-add real estate fund

Lingerfelt Commonwealth Partners LLC slightly surpassed the $100 million target in the final closing of its second value-add real estate fund.

The real estate investment management firm said the investor base for the Lingerfelt Commonwealth Value Fund II LP fund includes high-net-worth individuals, family offices, endowments and foundations.

The fund will target value-add/opportunistic investments in all property types, except multifamily assets, in the eastern half of the U.S., including Texas.