Sterling Organization Closes $600M Retail Fund targeting value-add grocery-anchored, neighborhood centers and power centers

6/6/2024

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CPE

• Subcategory: Capital Markets: Fund

• Tag: Strategy

• Additional Filters-Subcategory: Capital Markets: Fund-Value Added, Retail: Grocery Anchored, Retail: Neighborhood Center, Retail: Power Center

• Company: Sterling Organization

The fund secured total capital commitments of $600 million, exceeding the $500 million target and hitting the fund’s hard cap. SVAP IV is the fourth iteration of Sterling’s flagship retail real estate fund and will primarily target value-add grocery-anchored shopping centers, neighborhood centers and power centers.